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Fifth Third Banc (FITB) Crosses Pivot Point Support at $29.15

By James Quinn

Shares of Fifth Third Banc (NASDAQ:FITB) have bearishly opened below the pivot of $29.45 today and have reached the first support level of $29.15. Should the shares continue to fall, the support pivots of $28.89 and $28.33 will be of interest.

There is potential upside of 20.5% for shares of Fifth Third Banc based on a current price of $29.17 and an average consensus analyst price target of $35.17. Fifth Third Banc shares should first meet resistance at the 200-day moving average (MA) of $31.03 and find additional resistance at the 50-day MA of $31.22.

Over the past year, Fifth Third Banc has traded in a range of $24.66 to $34.67 and is now at $29.17, 18% above that low. The 200-day and 50-day moving averages have moved 0.15% higher and 0.97% 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