HBAN our Free Stock Pick for Fri Jan 28th 2011
Huntington Bancshares Inc. (HBAN) jumped 23 cents, or 2.35%, today and closed at the high of the day, $7.30. The strength of current momentum could extend tomorrow and push the stock above the previous high set earlier this month at $7.34.
If this breakout occurs we could see HBAN in the $7.60-$7.90 area in the next couple of trading days. Preferred entry (buy stop) price is at 7.35, with a stop loss at 7.13.
See our Trading Rules page for more detail.