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Schaeffers Option Activity Alert Key Corp Call Buyers Could Be Disappointed

  Copy link into your clipboard //business-finance.news-articles.net/content/200 .. -key-corp-call-buyers-could-be-disappointed.html
  Print publication without navigation Published in Business and Finance on , Last Modified on 2009-01-09 12:22:00 by Market Wire
          🞛 This publication is a summary or evaluation of another publication

CINCINNATI--([ BUSINESS WIRE ])--Cleveland-based KeyCorp (NYSE: KEY) was one of many financial firms to be hammered by the subprime implosion and credit crisis of 2008, and the shares are now having trouble finding a floor. For a while, it seemed as though the equity would establish a basement near 10, but KEY tumbled below this psychologically critical level in mid-November.

Now, this round-number region could switch roles to act as resistance. It's just one of many obstacles blocking the stock's path higher; additional resistance lies overhead from KEY's 10-week moving average, and further north, from its 35-week trendline. These 2 moving averages have ushered the equity consistently lower since March 2007.

To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/option+activity+alert+keycorp+call+buyers+could+be+disappointed/observations.aspx?click=home&ID=90409 ]



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