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Fifth Third Banc Bearish Moving Average Crossover Alert (FITB)

By Amy Schwartz

Today, shares of Fifth Third Banc (NASDAQ:FITB) have crossed bearishly below their 10-day moving average of $28.59 on a volume of 671K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Fifth Third Banc have traded between a low of $22.12 and a high of $34.67 and are now at $28.32, which is 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Fifth Third Banc on April 12th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.57. Since that recommendation, shares of Fifth Third Banc have risen 4.5%. We continue to monitor FITB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses fifth third banc

Ticker(s): FITB