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Bank Ny Mellon (BK) Approaches New Upside Target of $52.53

By David Diaz

Bank Ny Mellon (NYSE:BK) has opened bullishly above the pivot of $52.01 today and has reached the first level of resistance at $52.26. Should the shares continue to rise, the resistance pivots of $52.53 and $53.05 will be of interest.

Over the past year, Bank Ny Mellonhas traded in a range of $0.00 to $58.99 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

Bank Ny Mellon (NYSE:BK) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $59.78. The stock should run into initial resistance at its 50-day moving average (MA) of $37.95 and subsequent resistance at its 200-day MA of $39.68.

SmarTrend recommended that its subscribers protect gains by selling shares of Bank Ny Mellon on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $54.79. Since that call, shares of Bank Ny Mellon have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts bank ny mellon

Ticker(s): BK