State Street (STT) just hit new all-time highs.
The stock has strong technical momentum and is trading above key moving averages.
STT boasts a 100% “Buy” opinion from Barchart and is up nearly 33% over the past year.
While STT is favored by Wall Street and individual investors, volatility remains high, so disciplined risk management is recommended.
Today’s Featured Stock
Valued at $33.3 billion State Street (STT) is a financial holding company. It provides a range of products and services for institutional investors worldwide through its subsidiaries.
Its customers include providers of mutual funds, managers of collective investment funds and other investment pools, providers of corporate and public retirement plans, insurance companies, foundations, endowments and investment managers.
More News from Barchart
What I’m Watching
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. STT checks those boxes. The Trend Seeker signaled a new “Buy” on Sept. 29.
STT Price vs. Daily Moving Average:
www.barchart.com
Barchart Technical Indicators for State Street
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
State Street hit an all-time high of $117.31 in intraday trading on Sept. 29.
[SRC] https://finance.yahoo.com/news/financial-stock-just-hit-time-120003178.html
