Fifth Third Bancorp (FITB) NewsBite - FITB Is On the Move

Posted on Friday, October 10, 2008 1:35 PM
Fifth Third Bancorp (FITB) appears to be on the move today and is now at $10.00, up $0.27 (2.77%) on volume of 13,241,063 shares traded. Over the last 52 weeks the stock has ranged from a low of $7.96 to a high of $34.43. Fifth Third Bancorp stock has been showing support around $7.87 and resistance in the $13.45 range. Technical indicators for the stock are bearish and S&P gives FITB a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on FITB the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: C, TIF, RTP, JCG, HLTH, PDLI, TIE, CAJ, EXM, ILMN, HOC (Click Symbol For Latest News)

Enter your email address below and Click on the [Sign Up] button to receive our exclusive daily Morning Market Update plus a FREE password for access to the news, insight and intelligence that can make a difference in the way you invest.

eMail Address: 

Market Intelligence Center
Add to del.icio.usdel.icio.us  Add to My Yahoo!  RSS Feed  Add to Google  Add to My AOL  stock market news
Portions of this content may be copywritten by Fresh Brewed Media, Wall Street Secrets Plus, Investors Observer, VHS, LLC., and RealTimeTraders.com. SmartReadMX and related technologies are covered by US Patent Office # 60/631,747.