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March 23, 2021, 7:11 a.m. EDT

How to Develop Trading Plans for State Street $STT and other Stocks

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Mar 23, 2021 (Stock Traders Daily via COMTEX) -- According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in State Street /zigman2/quotes/209758976/composite STT +1.21% to foretell upcoming changes. A current example is provided below. There are trading plans for STT, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for STT help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this STT Report.

The technical summary data tells us to buy STT near 77.44 with an upside target of 83.15. This data also tells us to set a stop loss @ 77.22 to protect against excessive loss in case the stock begins to move against the trade. 77.44 is the first level of support below 81.62 , and by rule, any test of support is a buy signal. In this case, support 77.44 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of STT as it gets near 83.15 with a downside target of 77.44. We should have a stop loss in place at 83.39though. 83.15 is the first level of resistance above 81.62, and by rule, any test of resistance is a short signal. In this case, if resistance 83.15 is being tested, a short signal would exist.

COMTEX_383223237/2570/2021-03-23T07:10:51

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/209758976/composite
US : U.S.: NYSE
$ 86.75
+1.04 +1.21%
Volume: 1.54M
May 14, 2021 4:04p
P/E Ratio
14.29
Dividend Yield
2.40%
Market Cap
$30.17 billion
Rev. per Employee
$282,791
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