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State St Corp Falls 1.24% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

State St Corp (NYSE:STT) traded in a range yesterday that spanned from a low of $92.02 to a high of $93.38. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $92.07 on volume of 869,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of State St Corp on February 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.54. Since that recommendation, shares of State St Corp have risen 15.7%. We continue to monitor STT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

State St Corp share prices have moved between a 52-week high of $96.26 and a 52-week low of $50.59 and are now trading 82% above that low price at $92.26 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.7%.

Keywords: rebounders state st corp

Ticker(s): STT