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State St Corp Bullish Moving Average Crossover Alert (STT)

By James Quinn

Today, shares of State St Corp (NYSE:STT) have crossed bullishly above their 10-day moving average of $86.87 on a volume of 348K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

State St Corp share prices have moved between a 52-week high of $114.27 and a 52-week low of $82.43 and are now trading 6% above that low price at $87.13 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of State St Corp on May 29th, 2018 by issuing a Downtrend alert when the shares were trading at $96.80. Since that call, shares of State St Corp have fallen 10.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses state st corp

Ticker(s): STT