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Next Resistance Level for Bank Ny Mellon (BK) is $47.12

By David Diaz

Shares of Bank Ny Mellon (NYSE:BK) opened today above their pivot of $46.09 and have already reached the first level of resistance at $46.72. Analysts will be watching for a cross of the next upside pivot targets of $47.12 and $48.15.

Bank Ny Mellon (NYSE:BK) has potential upside of 30.3% based on a current price of $46.93 and analysts' consensus price target of $61.17. The stock should find resistance at its 200-day moving average (MA) of $47.83, as well as support at its 50-day MA of $43.93.

Bank Ny Mellon share prices have moved between a 52-week high of $54.27 and a 52-week low of $40.52 and are now trading 16% above that low price at $46.93 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.2%.

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

Keywords: pivot alerts bank ny mellon

Ticker(s): BK