Before the Bell Scans of Fifth Third Bancorp, Huntington Bancshares, Associated Banc-Corp, and FirstMerit
LONDON, March 6, 2013 /PRNewswire/ --
Financial sector was up yesterday as the broader market indices touched their new all time highs. While financial sector is still struggling to contain the losses,the stocks showed overall bullish sentiments. The markets are also expected to retain their positive trajectory despite worries about declining economic growth rate. The Dow Jones ended its latest session at 14,253.77,up 0.89 percent while NASDAQ was up 1.32 percent to close at 3,224.13. Similarly,S&P closed on a optimistic note at 1,539.79,up 0.96 percent. Our research team took a look at the regional banks industries which include major companies like Fifth Third Bancorp (NASDAQ: FITB),Huntington Bancshares Incorporated (NASDAQ: HBAN),Associated Banc-Corp (NASDAQ: ASBC) and FirstMerit Corp (NASDAQ: FMER). StockCall has taken an interest in these companies and you can now sign up to download the free technical research on FITB,HBAN,ASBC,and FMER at
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Fifth Third Bancorp is currently in a bullish mode as the stock ended its yesterday's session at $16.02. The stock traded in the range of $15.88 and $16.19 during Tuesday's session. Its first support level is at $15.94 and upon breaching this level; the stock may go down to $15.53 level. On the upside, this bank's stock may touch $16.50 level. Fifth Third's stock has traded in the range of $12.04 and $16.77 in the past 52 weeks and it increased by 17.71 percent during the same time period. On a Year-to-Date basis, the stock is 5.39 percent. Sign up today to read the free research report on FITB at
http://www.StockCall.com/FITB030613.pdf
Huntington Bancshares Inc.'s shares closed lower for its latest trading session, ending the day 0.42 percent down at $7.18. The stock fell to an intra-day low of $7.11, while its intra-day high stood at $7.25. Despite the downward movement, Huntington has gained more than 12 percent this year, compared to a gain of 7.97 percent for the S&P 500. The shares have strong support at around $7.07, as the stock shows a bullish trend. The stock is trading higher than its 20-day and 50-day moving averages of $7.07 and $6.86 respectively. Register to download the free technical analysis on HBAN at
http://www.StockCall.com/HBAN030613.pdf
Associated Banc-Corp. traded in the range of $14.41 and $14.63 in yesterday's session and ended the day at $14.48, up 0.56 percent. It traded 893,000 shares, in comparison to its usual trading volume of 1.19 million. The stock's 52 weeks range stands at $11.67 and $14.74. The bank has gained 9.61 percent of its value in the past 12 months, while it is 10.37 percent so far this year. It is in a bullish mode and may find its first support level at $14.36. It is trading above its 20-day moving average of $14.46. Free report on ASBC can be accessed by registering at
http://www.StockCall.com/ASBC030613.pdf
Shares of FirstMerit Corp. ended its Tuesday's trading session marginally up at $15.21, 0.13 percent on volume of 908k shares. Its usual daily trading volume stands at 1.24 million. The stock increased more than 7 percent this year, in-line with the broad market. It has slipped from $15.27 resistance level and has support at around $15.09 at the moment. Despite its upward movement, the company is still trading below its 20-day SMA of $15.23. Register with StockCall and download the research on FMER for free at
http://www.StockCall.com/FMER030613.pdf
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