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After Yesterday's Rally of 1.43% Shares Could Potentially Pullback

By David Diaz

Huntington Banc (NASDAQ:HBAN) traded in a range yesterday that spanned from a low of $14.72 to a high of $14.86. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $14.78 on volume of 6.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Huntington Banc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Huntington Banc in search of a potential trend change.

Over the past year, Huntington Banc has traded in a range of $11.12 to $16.38 and is now at $14.80, 33% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

Keywords: rebounders huntington banc

Ticker(s): HBAN