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Next Resistance Level for State Street (STT) is $70.28

By Amy Schwartz

State Street (NYSE:STT) has opened bullishly above the pivot of $69.60 today and has reached the first level of resistance at $70.02. Should the shares continue to rise, the resistance pivots of $70.28 and $70.96 will be of interest.

Over the past year, State Streethas traded in a range of $0.00 to $81.26 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.57% lower and 0.72% higher over the past week, respectively.

State Street (NYSE:STT) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $76.47. State Street shares should first meet resistance at the 50-day moving average (MA) of $58.89 and find additional resistance at the 200-day MA of $65.43.

SmarTrend recommended that subscribers consider buying shares of State Street on July 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.10. Since that recommendation, shares of State Street have risen 12.4%. 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

Ticker(s): STT