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Look for Shares of Suntrust Banks to Potentially Rebound after Yesterday's 1.23% Sell Off

By Amy Schwartz

Suntrust Banks (NYSE:STI) traded in a range yesterday that spanned from a low of $67.32 to a high of $68.88. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $68.33 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Suntrust Banks. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Suntrust Banks in search of a potential trend change.

Suntrust Banks share prices have moved between a 52-week high of $73.37 and a 52-week low of $51.96 and are now trading 31% above that low price at $67.95 per share. The 200-day and 50-day moving averages have moved 0.37% higher and 0.23% higher over the past week, respectively.

Keywords: rebounders suntrust banks

Ticker(s): STI