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Possible Bullish Inside Day Candle Pattern Detected for Huntington Banc (NASDAQ:HBAN)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Huntington Banc (NASDAQ:HBAN) based on the price action in the company's shares. Yesterday's price range of $13.93 and $14.00 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 Huntington Banc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Huntington Bancshares Incorporated is a multi-state bank holding company. The Company's subsidiaries provide full-service commercial and consumer banking services, mortgage banking, automobile financing, equipment leasing, investment management, trust, brokerage, customized insurance service programs, and other financial products and services.

In the past 52 weeks, shares of Huntington Banc have traded between a low of $12.14 and a high of $15.63 and closed yesterday at $14.03, which is 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

There is potential upside of 22.5% for shares of Huntington Banc based on a current price of $14.03 and an average consensus analyst price target of $17.18. Huntington Banc shares should encounter resistance at the 50-day moving average (MA) of $14.55 and support at its 200-day MA of $14.01.

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

Keywords: bullish am inside day candle huntington banc

Ticker(s): HBAN