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April 11, 2021, 12:30 a.m. EDT

Sometimes Stocks Move Fast, and State Street $STT is no Exception

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Apr 11, 2021 (Stock Traders Daily via COMTEX) -- Whether a stock moves fast or slow, one thing is always true. The forces of supply and demand determine the price of State Street /zigman2/quotes/209758976/composite STT +0.69% and every other stock on the market. The price someone is willing to pay for STT directly impacts its price, but that is offset by what others are willing to sell it for too. The good news is, we can see where these decisions are being made more aggressively, and we can use that information to our advantage. This is what we have done in the example below. Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on 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 84.75, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 84.51 to protect against excessive loss in case the stock begins to move against the trade. 84.75 is the first level of support below 86.47, and by rule, any test of support is a buy signal. In this case, if support 84.75 is being tested, a buy signal would exist.

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

COMTEX_384242516/2570/2021-04-11T00:29:47

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
$ 87.83
+0.60 +0.69%
Volume: 2.37M
May 10, 2021 4:03p
P/E Ratio
14.47
Dividend Yield
2.37%
Market Cap
$30.34 billion
Rev. per Employee
$282,791
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