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After Yesterday's Rally of 2.26% Shares Could Potentially Pullback

By Shiri Gupta

State St Corp (NYSE:STT) traded in a range yesterday that spanned from a low of $55.89 to a high of $57.21. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $57.19 on volume of 555,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, State St Corp has traded in a range of $48.62 to $87.45 and is now at $56.92, 17% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

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