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Next Support Level for Suntrust Banks (STI) is $63.68

By James Quinn

Shares of Suntrust Banks (NYSE:STI) opened today below their pivot of $64.16 and have already reached the first level of support at $63.91. Investors may be interested in a cross of the next downside pivot targets of $63.68 and $63.20.

There is potential upside of 16.5% for shares of Suntrust Banks based on a current price of $64.14 and an average consensus analyst price target of $74.72. The stock should hit resistance at its 200-day moving average (MA) of $64.89, as well as support at its 50-day MA of $61.42.

Suntrust Banks share prices have moved between a 52-week high of $75.08 and a 52-week low of $46.05 and are now trading 39% above that low price at $64.14 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.9%.

SmarTrend recommended that subscribers consider buying shares of Suntrust Banks on January 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.05. Since that recommendation, shares of Suntrust Banks have risen 23.1%. We continue to monitor STI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts suntrust banks

Ticker(s): STI