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First Niagara Financial Group: 52-Week High Recently Eclipsed (FNFG)

By David Diaz

First Niagara Financial Group (NASDAQ:FNFG) traded at a new 52-week high today of $10.82. So far today approximately 781,000 shares have been exchanged, as compared to an average 30-day volume of 3.8 million shares.

First Niagara Financial Group, Inc. is a bank holding company. The Banks provide an array of deposit products and loans, as well as insurance, leasing, investment advisory services, insurance agency services, and trust services.

Based on a current price of $10.80, First Niagara Financial Group is currently 15.6% above its average consensus analyst price target of $9.12. The stock should find initial support at its 50-day moving average (MA) of $9.59 and further support at its 200-day MA of $9.07.

Over the past year, First Niagara Financial Group has traded in a range of $7.00 to $10.82 and is now at $10.80, 54% above that low. The 200-day and 50-day moving averages have moved 0.39% higher and 0.67% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of First Niagara Financial Group on September 23rd, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.18. Since that recommendation, shares of First Niagara Financial Group have risen 5.9%. We continue to monitor FNFG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows first niagara financial group

Ticker(s): FNFG