5 Bank Stocks Under Fire

Bank stocks are struggling on fundamental and technical levels

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5 Bank Stocks Under Fire

Bank Stocks — Huntington Bancshares (HBAN)

HBAN stock 300x247 5 Bank Stocks Under Fire
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Like FITB, Huntington Bancshares (HBAN) stock has fallen to test support at its 200-day moving average amid a general sense that the industry is coming under pressure. While the company reported earnings on April 16 that were in line with expectations, its return-on-equity metric dropped to 9.9% vs. 10.7% last year.

The selling pressure in HBAN has been intense, with tons of negative volume throughout April. A violation of the 200-day average would end an uptrend streak going back to late 2012.


Article printed from InvestorPlace Media, http://investorplace.com/2014/05/5-bank-stocks-fire/.

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