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Keycorp (KEY) Approaches New Upside Target of $18.33

By Amy Schwartz

Shares of Keycorp (NYSE:KEY) have bullishly opened above the pivot of $17.86 today and have reached the first resistance level of $18.07. Investors may be interested in a cross of the next upside pivot targets of $18.33 and $18.80.

In the past 52 weeks, shares of Keycorp have traded between a low of $13.66 and a high of $21.37 and are now at $18.03, which is 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.2%.

Keycorp has overhead space with shares priced $18.03, or 22.1% below the average consensus analyst price target of $23.14. The stock should find initial support at its 50-day moving average (MA) of $17.09 and further support at its 200-day MA of $16.80.

SmarTrend is monitoring the recent change of momentum in Keycorp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Keycorp in search of a potential trend change.

Keywords: pivot alerts keycorp

Ticker(s): KEY