SunTrust Banks Bearish Moving Average Crossover Alert (STI)
Today, shares of SunTrust Banks (NYSE:STI) have fallen below their 10-day MA of $43.33 on a volume of 1.0 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 $42.31, 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 recommended that subscribers consider buying shares of SunTrust Banks on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.53. Since that recommendation, shares of SunTrust Banks have risen 24.0%. 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