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Fifth Third Banc (FITB) Crosses Pivot Point Support at $27.17

By Nick Russo

Shares of Fifth Third Banc (NASDAQ:FITB) opened today below their pivot of $27.31 and have already reached the first level of support at $27.17. Should the shares continue to fall, the support pivots of $27.09 and $26.87 will be of interest.

There is potential upside of 29.5% for shares of Fifth Third Banc based on a current price of $27.16 and an average consensus analyst price target of $35.17. The stock should run into initial resistance at its 50-day moving average (MA) of $27.24 and subsequent resistance at its 200-day MA of $27.28.

Over the past year, Fifth Third Banc has traded in a range of $22.12 to $34.67 and is now at $27.16, 23% above that low. The 200-day and 50-day moving averages have moved 0.17% lower 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: pivot alerts fifth third banc

Ticker(s): FITB