The Traderszone Network

Published in TZ Latest News 26 May, 2016 by The TZ Newswire Staff

SunTrust Faces Technical Moment Of Truth

SunTrust Banks (STI) looks very bullish on a longer-term weekly chart, awaiting a critical technical breakout.  But on its daily chart, there are signs of slowing momentum and overbought conditions as price resistance nears.  So what’s a trader to do?  Well, let’s look at the two charts beginning with the big picture:

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