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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 $43.75 on a volume of 667K 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.

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 $43.30, 39% 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 advanced 1.5%.

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