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

By James Quinn

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. Today's price range of $11.66 and $11.71 is within yesterday'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 34.8% based on a current price of $11.68 and analysts' consensus price target of $15.75. The stock should discover initial support at its 200-day moving average (MA) of $11.55 and subsequent support at its 50-day MA of $11.52.

In the past 52 weeks, shares of Fnb Corp have traded between a low of $9.35 and a high of $13.88 and are now at $11.68, which is 25% above that low price. The 200-day and 50-day moving averages have moved 0.27% lower and 0.53% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Fnb Corp and will alert subscribers who have FNB in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle fnb corp

Ticker(s): FNB