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Watch for Shares of Fifth Third Banc (FITB) to Approach Resistance at $28.56

By Nick Russo

Shares of Fifth Third Banc (NASDAQ:FITB) opened today above their pivot of $27.83 and have already reached the first level of resistance at $28.29. Investors may be interested in a cross of the next upside pivot targets of $28.56 and $29.29.

Potential upside of 25.5% exists for Fifth Third Banc, based on a current level of $28.03 and analysts' average consensus price target of $35.17. The stock should find initial support at its 50-day moving average (MA) of $27.29 and further support at its 200-day MA of $26.83.

Over the past year, Fifth Third Banc has traded in a range of $22.12 to $30.20 and is now at $28.03, 27% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Fifth Third Banc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Fifth Third Banc in search of a potential trend change.

Keywords: pivot alerts fifth third banc

Ticker(s): FITB