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Keycorp Set to Possibly Rebound After Yesterday's Selloff of 1.97%

By Nick Russo

Keycorp (NYSE:KEY) traded in a range yesterday that spanned from a low of $21.34 to a high of $21.92. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $21.46 on volume of 5.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Keycorp on September 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.15. Since that recommendation, shares of Keycorp have risen 20.1%. We continue to monitor KEY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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 $21.37, which is 109% 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%.

Keywords: rebounders keycorp

Ticker(s): KEY