SunTrust Stands Out
SunTrust (STI) is a stellar performer today. The regional bank is up more than 3.25% on very heavy trade after reporting its first-quarter results before the bell. A 39% jump in income has sparked a powerful rally in the stock and has kept shares well bid despite the overall weak action.
STI has been in the green all day and appears headed for a settle back above its 50-day moving average. Volume is running well above average with plenty of trading left in the day. By the close STI will attract its heaviest positive volume since the massive buying surge back in mid-March. The stock is not in breakout territory at this point but is getting very close. The consolidation that began five weeks ago may soon end....300 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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