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Watch for Shares of Huntington Banc (HBAN) to Approach Support at $13.34

By David Diaz

Huntington Banc (NASDAQ:HBAN) has opened bearishly below the pivot of $13.52 today and has reached the first level of support at $13.40. Should the shares continue to fall, the support pivots of $13.34 and $13.16 will be of interest.

Over the past year, Huntington Banc has traded in a range of $11.12 to $16.52 and is now at $13.46, 21% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

Huntington Banc has overhead space with shares priced $13.46, or 21.7% below the average consensus analyst price target of $17.18. The stock should find initial resistance at its 50-day moving average (MA) of $13.59 and further resistance at its 200-day MA of $14.28.

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: pivot alerts huntington banc

Ticker(s): HBAN