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SmarTrend Watching for Potential Rebound in Shares of Suntrust Banks After 1.05% Loss

By James Quinn

Suntrust Banks (NYSE:STI) traded in a range yesterday that spanned from a low of $66.61 to a high of $67.75. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $67.03 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Suntrust Banks and will alert subscribers who have STI in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Suntrust Banks share prices have been bracketed by a low of $37.71 and a high of $73.37 and are now at $66.79, 77% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.5%.

Keywords: rebounders suntrust banks

Ticker(s): STI