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Sterling Bancorp Crosses Below its 10-day MA (STL)

By Shiri Gupta

Sterling Bancorp (NYSE:STL) crossed under its 10-day moving average of $21.88 on a volume of 234K 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, Sterling Bancorp has traded in a range of $12.82 to $25.85 and is now at $21.62, 69% above that low. The 200-day and 50-day moving averages have moved 0.14% higher and 0.69% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Sterling Bancorp and will alert subscribers who have STL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses sterling bancorp

Ticker(s): STL