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

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Fnb Corp (NYSE:FNB) based on the price action in the company's shares. Yesterday's price range of $11.69 and $11.77 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. Traders and investors interested in shares of Fnb Corp may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Fnb Corp share prices have moved between a 52-week high of $12.93 and a 52-week low of $10.22 and closed yesterday at 14% above that low price at $11.70 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

F.N.B. Corporation operates as a diversified financial services company. The Company, through its subsidiaries, provides a full range of financial commercial banking, consumer banking and wealth management solutions.

There is potential upside of 34.6% for shares of Fnb Corp based on a current price of $11.70 and an average consensus analyst price target of $15.75. The stock should run into initial resistance at its 200-day moving average (MA) of $11.80 and subsequent resistance at its 50-day MA of $12.32.

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: bullish am inside day candle fnb corp

Ticker(s): FNB