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Fifth Third Bancorp (FITB) Crosses Pivot Point Resistance at $24.44

By Shiri Gupta

Shares of Fifth Third Bancorp (NASDAQ:FITB) opened today above their pivot of $24.26 and have already reached the first level of resistance at $24.44. Analysts will be watching for a cross of the next upside pivot targets of $24.68 and $25.10.

Potential upside of 11.8% exists for Fifth Third Bancorp, based on a current level of $24.46 and analysts' average consensus price target of $27.36. Fifth Third Bancorp shares have support at the 200-day moving average (MA) of $18.59 and additional support at the 50-day MA of $17.20.

In the past 52 weeks, Fifth Third Bancorp share prices have been bracketed by a low of $13.84 and a high of $28.97 and are now at $24.46, 77% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.2%.

SmarTrend is tracking the current trend status for Fifth Third Bancorp and will alert subscribers who have FITB in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts fifth third bancorp

Ticker(s): FITB