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State Street Crosses Above its 10-day MA (STT)

By Nick Russo

State Street (NYSE:STT) crossed over its 10-day moving average of $70.10 on a volume of 229K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of State Street have traded between a low of $50.60 and a high of $81.26 and are now at $70.39, which is 39% 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 Street on July 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.10. Since that recommendation, shares of State Street have risen 12.4%. 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

Ticker(s): STT