Look for Shares of Keycorp to Potentially Pullback after Yesterday's 2.38% Rise
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. 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%.
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.
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