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State St Corp Looks to Continue to Trade Below its Annual-Low Share Price Today

By Shiri Gupta

State St Corp (NYSE:STT) traded today at a new 52-week low of $51.62. Approximately 518,000 shares have changed hands today, as compared to an average 30-day volume of 3.9 million shares.

Potential upside of 125.2% exists for State St Corp, based on a current level of $51.62 and analysts' average consensus price target of $116.24. State St Corp shares should first meet resistance at the 50-day moving average (MA) of $56.33 and find additional resistance at the 200-day MA of $65.18.

In the past 52 weeks, State St Corp share prices have been bracketed by a current low of $51.62 and a high of $90.20 and are now at $51.62. The 200-day and 50-day moving averages have moved 0.63% lower and 0.5% lower over the past week, respectively.

State Street Corporation services institutional investors and manages financial assets worldwide. The Company's products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services.

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: 52 week high/lows state st corp

Ticker(s): STT