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Keycorp (KEY) Crosses Pivot Point Resistance at $12.74

By Nick Russo

Shares of Keycorp (NYSE:KEY) opened today above their pivot of $12.55 and have already reached the first level of resistance at $12.74. Investors may be interested in a cross of the next upside pivot targets of $12.84 and $13.13.

In the past 52 weeks, Keycorp share prices have been bracketed by a low of $9.88 and a high of $15.70 and are now at $12.77, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.5%.

There is potential upside of 17.6% for shares of Keycorp based on a current price of $12.77 and an average consensus analyst price target of $15.02. Keycorp shares have support at the 200-day moving average (MA) of $12.56 and additional support at the 50-day MA of $11.43.

SmarTrend is tracking the current trend status for Keycorp and will alert subscribers who have KEY in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts keycorp

Ticker(s): KEY