Stay clear from Huntington Bancshares Inc. (HBAN)
By Mark Moneymaster
October 27, 2009 7:36 AM
October 27, 2009 7:36 AM
Symbols: HBAN
It is difficult to understand why Jim Cramer likes the regional bank Huntington Bancshares Inc. (NASDAQ: HBAN). The HBAN stock has failed to breach the 200 days moving average from downside for past six months at least five times.
The Huntington Bancshares Inc. (HBAN) stock continues to stay bearish on charts, as its 20 days, 50 days and 200 days exponential MA continue to rule above the daily candlesticks.
This effectively means that HBAN stock is still ruling in a bearish zone, with a negative bias.
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