SunTrust Banks (STI) NewsBite - STI Covered In Bloomberg Video Report Today

Posted on Monday, October 06, 2008 11:11 AM

SunTrust Banks (STI) was covered in a Bloomberg Video Report today and the stock is now at $45.66, down $8.96 (-16.40%) on volume of 2,350,867 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $25.60 to a high of $78.35. SunTrust Banks stock has been showing support around $48.37 and resistance in the $60.87 range. Technical indicators for the stock are bearish and S&P gives STI a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on STI the stock seems like it could be a candidate for an October out-of-the-money bear-call credit spread above the 60 range. [ABR-Seven Summits Strategic Investments NewsBite]

Stocks To Watch Today: C, TIF, RTP, JCG, HLTH, PDLI, TIE, CAJ, EXM, ILMN, HOC (Click Symbol For Latest News)

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