State Street Bearish Moving Average Crossover Alert (STT)
Today, shares of State Street (NYSE:STT) have crossed bearishly below their 10-day moving average of $62.12 on a volume of 522K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, State Street has traded in a range of $50.73 to $81.26 and is now at $60.55, 19% above that low. The 200-day and 50-day moving averages have moved 0.35% lower and 0.68% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of State Street on February 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.15. Since that recommendation, shares of State Street have risen 12.0%. We continue to monitor STT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses State Street