STT resumes its bullish trend


Context Technical Analysis

​Since mid-October, STT – State Street Corp. – is trading in a strong bullish channel between its 10-day exponential moving average and the upper Bollinger Band.

In addition, the stock’s 20- and 50-day exponential moving averages follow below and diverging from each other, an additional proof that the bullish trend is healthy.

Momentum

​Since mid-October, MACD is in positive territory. Despite that, however, the relatively weaker momentum made MACD move below its signal line.

In the last two bullish sessions MACD turned up a bit and it’s close to crossing over its signal line again.

​Relative Strength

​The stock’s Relative Strength has been moving up and above its 20-day exponential moving average since mid October.

​General MSI

​100

Sector MSI

​57.2, the second strongest Sector

​Higher Time Frame

The stock’s weekly chart shows that:

  1. STT moves on its rising upper Bollinger Band.

  2. The MACD is above its signal line

  3. The stock’s Relative Strength is moving up and above its 20-day exponential moving average

Suggested Buy

​Buy above 75.5

​Suggested Stop Loss

​Sell at 72

​Size

​300 stocks


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