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Look for Shares of Fnb Corp to Potentially Rebound after Yesterday's 3.71% Sell Off

By Nick Russo

Fnb Corp (NYSE:FNB) traded in a range yesterday that spanned from a low of $11.78 to a high of $12.45. Yesterday, the shares fell 3.7%, which took the trading range below the 3-day low of $12.23 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Fnb Corp share prices have moved between a 52-week high of $14.91 and the current low of $11.80 and are currently at $11.80 per share. The 200-day and 50-day moving averages have moved 0.22% lower and 0.18% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Fnb Corp on July 25th, 2018 by issuing a Downtrend alert when the shares were trading at $12.65. Since that call, shares of Fnb Corp have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders fnb corp

Ticker(s): FNB