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After Yesterday's Decline of 1.35%, Sterling Bancorp Offers Investors Better Value

By Shiri Gupta

Sterling Bancorp (NYSE:STL) traded in a range yesterday that spanned from a low of $21.80 to a high of $22.25. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $21.90 on volume of 869,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Sterling Bancorp share prices have moved between a 52-week high of $25.85 and a 52-week low of $14.55 and are now trading 50% above that low price at $21.83 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Sterling Bancorp and will alert subscribers who have STL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders sterling bancorp

Ticker(s): STL