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Recent 52-Week High Exceeded in Shares of State Street (STT)

Published on Fri, 03/08/2013 - 15:26
By Adrienne Chilton

State Street (NYSE:STT) traded today at a new 52-week high of $59.72. Approximately 2.5 million shares have changed hands today, as compared to an average 30-day volume of 4.3 million shares.

State Street Corporation services institutional investors and manages financial assets worldwide. The Company's products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services.

State Street (NYSE:STT) is currently priced 0.7% above its average consensus analyst price target of $58.80. The stock should find initial support at its 50-day moving average (MA) of $53.88 and further support at its 200-day MA of $45.71.

State Street share prices have moved between a 52-week high of $59.72 and a 52-week low of $38.95 and are now trading 52% above that low price at $59.20 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.7%.

By Adrienne Chilton
achilton@fnno.com