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State St Corp Crosses Below its 10-day MA (STT)

By Nick Russo

State St Corp (NYSE:STT) shares have crossed bearishly below their 10-day moving average of $93.34 on a volume of 368K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, State St Corp has traded in a range of $89.25 to $114.27 and is now at $92.41, 4% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for State St Corp and will alert subscribers who have STT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses state st corp

Ticker(s): STT