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Stock Investors Bid Up Shares of First Horizon National, Up 1.7%

Published on Thu, 01/24/2013 - 11:29
By Adrienne Chilton

Up 1.7% to $10.19, First Horizon National (NYSE:FHN), is one of today's notable movers. The S&P is trading higher by 0.4% to 1,500 and the Dow is trading 0.6% higher to 13,858.

There is potential upside of 1.0% for shares of First Horizon National based on a current price of $10.19 and an average consensus analyst price target of $10.29. First Horizon National shares have support at the 50-day moving average (MA) of $9.75 and additional support at the 200-day MA of $9.13.

Over the past year, First Horizon National has traded in a range of $7.44 to $10.99 and is now at $10.19, 37% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

First Horizon National Corporation, through its subsidiaries, provides a range of financial services. The Company offers a variety of commercial banking services and also conducts mortgage banking, capital markets, and transaction processing.

By Adrienne Chilton
achilton@fnno.com