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After Yesterday's Decline of 1.35%, Huntington Banc Offers Investors Better Value

By Nick Russo

Huntington Banc (NASDAQ:HBAN) traded in a range yesterday that spanned from a low of $16.03 to a high of $16.36. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $16.14 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Huntington Banc on September 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.74. Since that recommendation, shares of Huntington Banc have risen 18.6%. We continue to monitor HBAN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Huntington Banc have traded between a low of $8.04 and a high of $16.60 and are now at $16.05, which is 99% above that low price. The 200-day and 50-day moving averages have moved 0.31% lower and 1.10% higher over the past week, respectively.

Keywords: rebounders huntington banc

Ticker(s): HBAN