Next Resistance Level for State Street (STT) is $57.62
State Street (NYSE:STT) has opened bullishly above the pivot of $57.03 today and has reached the first level of resistance at $57.41. Investors may be interested in a cross of the next upside pivot targets of $57.62 and $58.21.
In the past 52 weeks, State Street share prices have been bracketed by a low of $38.95 and a high of $58.15 and are now at $57.64, 48% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has risen 0.5%.
State Street (NYSE:STT) has potential upside of 2.0% based on a current price of $57.64 and analysts' consensus price target of $58.80. The stock should find initial support at its 50-day moving average (MA) of $51.87 and further support at its 200-day MA of $45.09.
SmarTrend recommended that subscribers consider buying shares of State Street on October 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.16. Since that recommendation, shares of State Street have risen 27.0%. We continue to monitor STT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: pivot alerts State Street