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After Yesterday's Decline of 1.56%, State St Corp Offers Investors Better Value

By Amy Schwartz

State St Corp (NYSE:STT) traded in a range yesterday that spanned from a low of $52.96 to a high of $54.15. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $53.28 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.

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.

In the past 52 weeks, shares of State St Corp have traded between the current low of $53.00 and a high of $90.20 and are now at $53.14. The 200-day and 50-day moving averages have moved 0.61% lower and 0.45% lower over the past week, respectively.

Keywords: rebounders state st corp

Ticker(s): STT