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Keycorp Rises 2.38% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Keycorp (NYSE:KEY) traded in a range yesterday that spanned from a low of $12.67 to a high of $12.95. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $12.65 on volume of 7.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Keycorp share prices have moved between a 52-week high of $15.70 and a 52-week low of $9.88 and are now trading 31% above that low price at $12.93 per share. 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%.

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: rebounders keycorp

Ticker(s): KEY