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

By David Diaz

Suntrust Banks (NYSE:STI) crossed over its 10-day moving average of $68.48 on a volume of 635K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Suntrust Banks share prices have been bracketed by a low of $51.96 and a high of $73.37 and are now at $68.92, 33% above that low price. The 200-day and 50-day moving averages have moved 0.25% higher and 0.35% lower over the past week, respectively.

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