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After Yesterday's Decline of 1.19%, Keycorp Offers Investors Better Value

By Nick Russo

Keycorp (NYSE:KEY) traded in a range yesterday that spanned from a low of $19.05 to a high of $19.46. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $19.11 on volume of 4.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Keycorp on March 22nd, 2018 by issuing a Downtrend alert when the shares were trading at $20.38. Since that call, shares of Keycorp have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Keycorp has traded in a range of $10.21 to $22.40 and is now at $19.14, 87% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.0%.

Keywords: rebounders keycorp

Ticker(s): KEY