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

By Amy Schwartz

Today, shares of Suntrust Banks (NYSE:STI) have crossed bullishly above their 10-day moving average of $57.50 on a volume of 425K 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, Suntrust Banks share prices have been bracketed by a low of $37.71 and a high of $61.69 and are now at $57.64, 53% above that low price. Over the past week, 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