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:
STT moves on its rising upper Bollinger Band.
The MACD is above its signal line
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
