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

By Amy Schwartz

Today, shares of SunTrust Banks (NYSE:STI) have advanced above their 10-day MA of $42.20 on a volume of 1.1 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, SunTrust Banks has traded in a range of $31.07 to $45.84 and is now at $42.74, 38% above that low. The 200-day and 50-day moving averages have moved 0.19% lower and 1.53% higher 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