KeyCorp (KEY) Stock Rising Above the 50-Day Moving Average
Published on 07/23/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- In today's trading session, the shares of KeyCorp crossed above the 50-day moving
average indicating a likely bullish trend. Recent activity signals that the shares may
continue to head higher in the foreseeable future assuming that the moving average
continues to rise with the price of the equity. Shares of KEY settled the day up $0.08 to
$8.03 on lighter than usual volume. Today, the stock price ranged between $7.75 and $8.08.
The stock's 52 week low is 5.0 and the 52 week high is 9.84.
Other relevant figures to examine are the support and resistance levels. Based on the pivot points, the current support
and resistance levels for KEY are 7.82 and 8.15 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.
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