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Watch for Shares of Huntington Bancshares (HBAN) to Approach Support at $6.86
[January 29, 2013]

Watch for Shares of Huntington Bancshares (HBAN) to Approach Support at $6.86

Jan 29, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Huntington Bancshares (NASDAQ:HBAN) opened today below their pivot of $6.94 and have already reached the first level of support at $6.90. Should the shares continue to fall, the support pivots of $6.86 and $6.78 will be of interest.

There is potential upside of 7.0% for shares of Huntington Bancshares based on a current price of $6.91 and an average consensus analyst price target of $7.39. The stock should find initial support at its 200-day moving average (MA) of $6.48 and further support at its 50-day MA of $6.41.

Over the past year, Huntington Bancshares has traded in a range of $4.46 to $7.70 and is now at $6.91, 55% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Huntington Bancshares on January 3rd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.60. Since that recommendation, shares of Huntington Bancshares have risen 5.2%. We continue to monitor HBAN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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