Today's Range Mover Is FNB: A New Short-term Trading Range Above $9.26 Has Begun (FNB)
Written on Wed, 05/12/2010 - 02:27 By Chip Brian FNB (NYSE:FNB) traded in a range yesterday that spanned from a low of $8.82 to a high of $9.41. Yesterday's high of the day pierced the 3-day high of $9.26 on volume of 777,000 shares. Shares of FNB have been range bound for the past 3-days between a high of $9.26 and a low of $8.21 and have traded with a 30-day average daily volume of 658,000 shares. Look for shares of FNB to trade within a new higher trading range with support at $9.26 and move along with its peers in the Regional Banks- Southeast SmarTrend industry. SmarTrend is bullish on shares of FNB and our subscribers were alerted to Buy on March 08, 2010 at $7.78. The stock has risen 19.1% since the alert was issued.