• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Huntington Banc After 1.35% Loss

By James Quinn

Huntington Banc (NASDAQ:HBAN) traded in a range yesterday that spanned from a low of $16.03 to a high of $16.36. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $16.14 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Huntington Banc have traded between a low of $8.04 and a high of $16.60 and are now at $16.05, which is 99% above that low price. 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 recommended that subscribers consider buying shares of Huntington Banc on September 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.74. Since that recommendation, shares of Huntington Banc have risen 18.6%. We continue to monitor HBAN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders huntington banc

Ticker(s): HBAN