NYSE:STT   State Street Corporation
STT, not a so terrible stock, formed bullish divergence against both RSI and MACD. Price also touched and lightly bounced from short term support line, 50% fib level (red line) and 78.6% fib level (blue line) of the last rising leg. Stochastic also crosses over.

The confluency of multiple of supportive TA clues mentioned above gave me a short term BUY recommendation for this stock.

Tight stop at 94.7. Very short term target 102-105.



{
"info": {
"close": 97.75,
"marketcap ($bil)": 35.72,
"name": "state street corporation",
"sector": "finance",
"industry": "major banks",
"country": "united states"
},
"val": {
"peg_k": 11.75787214,
"fp2e_k": 12.72786458,
"p2e_k": 18.65458015,
"p2e": 18.69024857,
"p2bv": 1.64690595,
"p2sales": 3.32872149,
"p2fcf": null,
"ev2ebitda": null,
"ev2ebitda_k": null
},
"val2_k": 16,
"val2_q": 15,
"qual2_k": 24,
"qual2_q": 14,
"qual3_k": 24
}

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.