50 DMA ($21.68), 100 DMA ($19.87), 200 DMA ($20.71).
Support 1: $21.87 Support 2: $19.87
STI fell short in the Fed’s stress test a few days ago, but shares swing in the green as investors focus on the last sentence of the STI’s press release: “Sun Trust’s improved earnings momentum has continued in the first quarter of 2012 and is expected to result in earnings per share that exceed the first quarter First Call mean estimate.” The question that every STI investor should be asking is what happens to those massive assets if the economy is much stronger than current estimates project.The answer is likely much higher earnings,and thus profit. STI bank failure is no longer on the table. However, STI will have to probably wait to raise dividends and to repurchase stock.