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Watch for State St Corp to Potentially Rebound After Falling 1.56% Yesterday

By Nick Russo

State St Corp (NYSE:STT) traded in a range yesterday that spanned from a low of $52.96 to a high of $54.15. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $53.28 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.

In the past 52 weeks, shares of State St Corp have traded between the current low of $53.00 and a high of $90.20 and are now at $53.14. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.6%.

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

Keywords: rebounders state st corp

Ticker(s): STT