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Suntrust Banks Bearish Moving Average Crossover Alert (STI)

By Shiri Gupta

Today, shares of Suntrust Banks (NYSE:STI) have fallen below their 10-day MA of $74.21 on a volume of 249K 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.

Suntrust Banks share prices have moved between a 52-week high of $75.08 and a 52-week low of $51.96 and are now trading 42% above that low price at $73.82 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Suntrust Banks on July 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.60. Since that recommendation, shares of Suntrust Banks have risen 8.6%. We continue to monitor STI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses suntrust banks

Ticker(s): STI