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Suntrust Banks Falls 1.41% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Suntrust Banks (NYSE:STI) traded in a range yesterday that spanned from a low of $71.17 to a high of $72.53. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $71.54 on volume of 1.3 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 $71.36, 89% above that low. 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