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Keycorp Set to Possibly Rebound After Yesterday's Selloff of 1.19%

By Amy Schwartz

Keycorp (NYSE:KEY) traded in a range yesterday that spanned from a low of $19.05 to a high of $19.46. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $19.11 on volume of 4.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Keycorp on March 22nd, 2018 by issuing a Downtrend alert when the shares were trading at $20.38. Since that call, shares of Keycorp have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Keycorp have traded between a low of $10.21 and a high of $22.40 and are now at $19.14, which is 87% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.0%.

Keywords: rebounders keycorp

Ticker(s): KEY