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After Yesterday's Decline of 1.19%, Fifth Third Banc Offers Investors Better Value

By Nick Russo

Fifth Third Banc (NASDAQ:FITB) traded in a range yesterday that spanned from a low of $30.69 to a high of $31.29. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $31.00 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Fifth Third Banc have traded between a low of $24.58 and a high of $34.67 and are now at $30.82, which is 25% above that low price. The 200-day and 50-day moving averages have moved 0.22% higher and 0.03% lower over the past week, respectively.

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

Keywords: rebounders fifth third banc

Ticker(s): FITB