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Fifth Third Banc Crosses Below its 10-day MA (FITB)

By Amy Schwartz

Today, shares of Fifth Third Banc (NASDAQ:FITB) have fallen below their 10-day MA of $27.99 on a volume of 594K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Fifth Third Banc has traded in a range of $22.12 to $30.31 and is now at $27.70, 25% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Fifth Third Banc and will alert subscribers who have FITB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses fifth third banc

Ticker(s): FITB