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After Yesterday's Decline of 1.30%, FNB Offers Investors Better Value

By David Diaz

FNB (NYSE:FNB) traded in a range yesterday that spanned from a low of $15.11 to a high of $15.26. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $15.17 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

FNB share prices have moved between a 52-week high of $16.43 and a 52-week low of $11.16 and are now trading 36% above that low price at $15.13 per share. 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 tracking the current trend status for FNB and will alert subscribers who have FNB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders

Ticker(s): FNB