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State St Corp Bullish Moving Average Crossover Alert (STT)

By Amy Schwartz

State St Corp (NYSE:STT) shares have crossed bullishly above their 10-day moving average of $93.01 on a volume of 224K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, State St Corp share prices have been bracketed by a low of $50.59 and a high of $96.26 and are now at $93.60, 85% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of State St Corp on February 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.54. Since that recommendation, shares of State St Corp have risen 14.8%. We continue to monitor STT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses state st corp

Ticker(s): STT