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Suntrust Banks Crosses Above its 10-day MA (STI)

By David Diaz

Today, shares of Suntrust Banks (NYSE:STI) have advanced above their 10-day MA of $55.47 on a volume of 599K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Suntrust Banks have traded between a low of $37.71 and a high of $61.69 and are now at $56.05, which is 49% above that low price. The 200-day and 50-day moving averages have moved 0.19% lower and 1.53% higher over the past week, respectively.

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