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Watch for State St Corp to Potentially Rebound After Falling 1.31% Yesterday

By Nick Russo

State St Corp (NYSE:STT) traded in a range yesterday that spanned from a low of $80.01 to a high of $81.66. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $80.41 on volume of 2.1 million 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 October 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.18. Since that recommendation, shares of State St Corp have risen 32.7%. We continue to monitor STT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, State St Corp share prices have been bracketed by a low of $48.62 and a high of $82.94 and are now at $80.14, 65% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.2%.

Keywords: rebounders state st corp

Ticker(s): STT