-One stock that might be an intriguing choice for investors right now is Huntington Bancshares Incorporated HBAN. This is because this security in the Banks - Midwest space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. -This is important because, often times, a rising tide will lift all boats...
TA: The price broke through a multi-year resistance trend line which is bullish. FA: Regional banks are benefitting from the loose government spending.
Bullish flag formation on HBAN. Different entry points annotated. HBAN is trading at a 13.79x P/E ratio versus 22x @ SBNY, 19x @ SIVB, 29x @ FRC, or 15x @ RF & FITB. The benefits from acquiring TCF bank will begin emerging over the course of the rest of this year and be in full effect in 2022.
TCF bank began merging in to Huntington Bank after receiving shareholder approval, ticker HBAN, in March of 2021 with the intention of being completed within the year. This will put it in the top 10 regional banks and will rank 5th in 70% of deposit markets. Regional banks are set to benefit from rising rates and inflation. The cost synergies and the ability to...
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Beta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Worry about risk only.
Huntington Bancshares broke out of an ascending triangle pattern last week & has continued to see its bullish momentum continue. The stock is showing relative strength across the board whether talking about the SPY or its sector/industry. I would like to see it hold above the breakout level but I have my two initial price targets noted on the chart.
HBAN Bounce from the level, entry after confirmation
Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. The company...
I try to play inside the triangle but price did not agree with my set up so I loose
HBAN is approaching our first resistance at 14.80 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension, 61.8% fibonacci retracement) where a strong drop to our first support at 13.37 (38.2% fibonacci retracement) might occur. Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
HBAN is approaching our first resistance at 14.80 (horizontal overlap resistance, 100%, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 13.37 (38.2% fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
HBAN is approaching our first resistance at 14.80 (horizontal overlap resistance, 100%, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our first support at 13.37 (38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price.