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SunTrust Banks Bearish Moving Average Crossover Alert (STI)

By Amy Schwartz

SunTrust Banks (NYSE:STI) shares have crossed bearishly below their 10-day moving average of $41.60 on a volume of 756K 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.

SunTrust Banks share prices have moved between a 52-week high of $45.84 and a 52-week low of $31.07 and are now trading 33% above that low price at $41.43 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

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

Keywords: moving crosses suntrust banks

Ticker(s): STI