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Huntington Bancshares (HBAN) Breaks Through Resistance at $6.69
Jan 16, 2013 (SmarTrend(R) News Watch via COMTEX) --
Huntington Bancshares (NASDAQ:HBAN) has opened bullishly above the pivot of $6.61 today and has reached the first level of resistance at $6.69. Should the shares continue to rise, the resistance pivots of $6.73 and $6.85 will be of interest.
There is potential upside of 7.2% for shares of Huntington Bancshares based on a current price of $6.67 and an average consensus analyst price target of $7.15. Huntington Bancshares shares have support at the 200-day moving average (MA) of $6.46 and additional support at the 50-day MA of $6.30.
Over the past year, Huntington Bancshares has traded in a range of $4.46 to $7.70 and is now at $6.67, 50% above that low. The 200-day and 50-day moving averages have moved 0.05% higher and 0.24% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Huntington Bancshares. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Huntington Bancshares in search of a potential trend change.
Write to Chip Brian at cbrian@mysmartrend.com
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