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Possible Bearish Inside Day Candle Pattern Detected for Fnb Corp (NYSE:FNB)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Fnb Corp (NYSE:FNB) based on the price action in the company's shares. Yesterday's price range of $11.30 and $11.47 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Fnb Corp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

F.N.B. Corporation is a financial services holding company. The Company, through its subsidiaries, provides a variety of financial services, primarily to consumers and small to medium-sized businesses. F.N.B. subsidiaries operate through a network of offices in Pennsylvania, northern and central Tennessee, and eastern Ohio.

Fnb Corp (NYSE:FNB) has potential upside of 38.3% based on a current price of $11.39 and analysts' consensus price target of $15.75. The stock should run into initial resistance at its 50-day moving average (MA) of $11.50 and subsequent resistance at its 200-day MA of $11.83.

In the past 52 weeks, shares of Fnb Corp have traded between a low of $9.35 and a high of $14.19 and closed yesterday at $11.39, which is 22% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend is monitoring the recent change of momentum in Fnb Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Fnb Corp in search of a potential trend change.

Keywords: bearish am inside day candle fnb corp

Ticker(s): FNB