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After Yesterday's Decline of 1.15%, State St Corp Offers Investors Better Value

By David Diaz

State St Corp (NYSE:STT) traded in a range yesterday that spanned from a low of $105.86 to a high of $107.71. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $106.76 on volume of 419,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

State St Corp share prices have moved between a 52-week high of $114.27 and a 52-week low of $50.59 and are now trading 110% above that low price at $106.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.6%.

SmarTrend is tracking the current trend status for State St Corp and will alert subscribers who have STT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders state st corp

Ticker(s): STT