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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 $43.01 on a volume of 1.9 million 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.

In the past 52 weeks, SunTrust Banks share prices have been bracketed by a low of $31.07 and a high of $45.84 and are now at $42.37, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.2%.

SmarTrend is monitoring the recent change of momentum in SunTrust Banks. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of SunTrust Banks in search of a potential trend change.

Keywords: moving crosses suntrust banks

Ticker(s): STI