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Watch for Shares of Keycorp (KEY) to Approach Resistance at $20.20

By Amy Schwartz

Keycorp (NYSE:KEY) has opened bullishly above the pivot of $19.98 today and has reached the first level of resistance at $20.06. Investors may be interested in a cross of the next upside pivot targets of $20.20 and $20.42.

In the past 52 weeks, Keycorp share prices have been bracketed by a current low of $0.00 and a high of $22.40 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keycorp has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $23.14. Keycorp shares should first meet resistance at the 200-day moving average (MA) of $19.88 and find additional resistance at the 50-day MA of $20.10.

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

Keywords: pivot alerts keycorp

Ticker(s): KEY