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Look for Shares of Fifth Third Banc to Potentially Rebound after Yesterday's 1.19% Sell Off

By David Diaz

Fifth Third Banc (NASDAQ:FITB) traded in a range yesterday that spanned from a low of $30.69 to a high of $31.29. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $31.00 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Fifth Third Banc has traded in a range of $24.58 to $34.67 and is now at $30.82, 25% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: rebounders fifth third banc

Ticker(s): FITB