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Huntington Bancshares (HBAN) Approaches New Downside Target of $6.89
[February 21, 2013]

Huntington Bancshares (HBAN) Approaches New Downside Target of $6.89

Feb 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Huntington Bancshares (NASDAQ:HBAN) have bearishly opened below the pivot of $7.06 today and have reached the first support level of $6.95. Analysts will be watching for a cross of the next downside pivot targets of $6.89 and $6.72.

Huntington Bancshares share prices have moved between a 52-week high of $7.70 and a 52-week low of $4.46 and are now trading 56% above that low price at $6.96 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

There is potential upside of 7.2% for shares of Huntington Bancshares based on a current price of $6.96 and an average consensus analyst price target of $7.46. The stock should find initial support at its 50-day moving average (MA) of $6.72 and further support at its 200-day MA of $6.52.

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 6.2%. 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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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