Keyed Up About KeyCorp
The regional banking sector has underperformed the broader financial space over the last six months, but KeyCorp (KEY) looks poised to break out of a recent channel decline and catch up with the money center leaders.KeyCorp (KEY) -- Weekly Source: StockCharts.com View Chart » View in New Window »
The weekly chart of KEY shows the rally from October 2011 low that peaked in March of this year. A two-month pullback retested the 50% retracement level of the five-month move and took the stochastics indicator into an oversold condition. A second five-month rally began in June, followed by another two-month 50% retracement, which has returned the stochastics indicator into oversold territory. The Bollinger bandwidth indicator and average true range are at levels that reflect price compression and potential volatility....166 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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