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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 --------------------------------------------------------------------------------------------- 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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