Bank Stocks — Huntington Bancshares (HBAN)
Click to EnlargeLike 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.