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Look for Shares of Keycorp to Potentially Rebound after Yesterday's 3.01% Sell Off

By Amy Schwartz

Keycorp (NYSE:KEY) traded in a range yesterday that spanned from a low of $18.64 to a high of $19.60. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $19.23 on volume of 8.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Keycorp share prices have moved between a 52-week high of $22.40 and a 52-week low of $17.40 and are now trading 8% above that low price at $18.71 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

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