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After Yesterday's Decline of 1.41%, Suntrust Banks Offers Investors Better Value

By Amy Schwartz

Suntrust Banks (NYSE:STI) traded in a range yesterday that spanned from a low of $71.17 to a high of $72.53. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $71.54 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Suntrust Banks share prices have been bracketed by a low of $37.71 and a high of $73.37 and are now at $71.36, 89% above that low price. 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: rebounders suntrust banks

Ticker(s): STI