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Keycorp (KEY) Crosses Pivot Point Support at $20.54

By James Quinn

Shares of Keycorp (NYSE:KEY) opened today below their pivot of $20.88 and have already reached the first level of support at $20.54. Should the shares continue to fall, the support pivots of $20.36 and $19.83 will be of interest.

In the past 52 weeks, Keycorp share prices have been bracketed by a low of $16.84 and a high of $22.40 and are now at $20.71, 23% above that low price. The 200-day and 50-day moving averages have moved 0.20% higher and 0.36% higher over the past week, respectively.

There is potential upside of 11.7% for shares of Keycorp based on a current price of $20.71 and an average consensus analyst price target of $23.14. Keycorp shares should encounter resistance at the 50-day moving average (MA) of $20.92 and support at its 200-day MA of $20.47.

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