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Huntington Banc Set to Possibly Pullback After Yesterday's Rally of 1.26%

By James Quinn

Huntington Banc (NASDAQ:HBAN) traded in a range yesterday that spanned from a low of $15.02 to a high of $15.31. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $15.30 on volume of 4.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Huntington Banc share prices have moved between a 52-week high of $16.60 and a 52-week low of $8.04 and are now trading 90% above that low price at $15.27 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.1%.

SmarTrend is tracking the current trend status for Huntington Banc and will alert subscribers who have HBAN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders huntington banc

Ticker(s): HBAN