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Fifth Third Bancorp Bearish Moving Average Crossover Alert (FITB)

By Nick Russo

Fifth Third Bancorp (NASDAQ:FITB) crossed under its 10-day moving average of $24.64 on a volume of 1.7 million 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, Fifth Third Bancorp share prices have been bracketed by a low of $13.84 and a high of $28.97 and are now at $24.16, 75% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.4%.

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

Keywords: moving crosses fifth third bancorp

Ticker(s): FITB