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Sterling Bancorp Bullish Moving Average Crossover Alert (STL)

By Shiri Gupta

Sterling Bancorp (NYSE:STL) shares have crossed bullishly above their 10-day moving average of $22.53 on a volume of 304K 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, Sterling Bancorp share prices have been bracketed by a low of $21.48 and a high of $26.50 and are now at $23.12, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Sterling Bancorp on June 27th, 2018 by issuing a Downtrend alert when the shares were trading at $23.83. Since that call, shares of Sterling Bancorp have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sterling bancorp

Ticker(s): STL