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Suntrust Banks Falls 1.05% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

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.

Over the past year, Suntrust Banks has traded in a range of $37.71 to $73.37 and is now at $66.79, 77% above that low. The 200-day and 50-day moving averages have moved 0.19% lower and 1.53% higher over the past week, respectively.

Keywords: rebounders suntrust banks

Ticker(s): STI