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Huntington Bancshares In Retrospect: Shares Up 4.0% Since Upgraded One Week Ago (HBAN)

Published on Fri, 01/25/2013 - 10:10
By Adrienne Chilton

Huntington Bancshares was upgraded from Neutral to Buy by Compass Point one week ago. Huntington Bancshares stocks closed at $6.99, a 4.0% gain over the course of one week.

Huntington Bancshares has overhead space with shares priced $6.96, or 4.5% below the average consensus analyst price target of $7.29. The stock should discover initial support at its 200-day moving average (MA) of $6.47 and subsequent support at its 50-day MA of $6.38.

In the past 52 weeks, shares of Huntington Bancshares have traded between a low of $4.46 and a high of $7.70 and are now at $6.96, which is 56% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

Huntington Bancshares Incorporated is a multi-state bank holding company. The Company's subsidiaries provide full-service commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance service programs, and other financial products and services.

By Adrienne Chilton
achilton@fnno.com