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Stay clear from Huntington Bancshares Inc. (HBAN)
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Posted on 10/27/09 at 8:36am by Mark Moneymaster
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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There are 13 comments
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Stay clear of Benziga! How
by Anonymous on 10/27/09 9:13am
Stay clear of Benziga! How can you show up now with this post? It is down and you need it deeper! Why did you not show up with your review when this stock was 4.89 and was upgreated to 5? I do not belive in reviews that care flashy news and speculate the momentum!
I will take Jime Cramers
by Tommy1z on 10/27/09 10:40am
I will take Jime Cramers recommendation over some unknown writer from 'Mark Moneymaster'. What is Mark Moneymaster's position
It's silly to expect this
by Anonymous on 10/27/09 10:52am
It's silly to expect this stock to break out at any point this year or going forward in the near term. Cramer likes the new CEO and sees it as a longer term *speculative* turnaround play. If you think the fundamentals will improve in 2010, now is not a bad time to buy.
What kind of chartist are
by Wizzard on 10/27/09 11:07am
What kind of chartist are you? HBAN is in a 90 Day upsloping consolidation channel range between $3.99 and $4.99, which is forming a very nice support base with higher lows 3 times since July.
I'm not exactly a big fan of Jim Cramer, given his lack of respect for charting, but if he makes a fundemental case that backs up a potential upside move above the 200 day resistance, then the bigger the base the better the case.
The risk/reward here is very attractive BUY HBAN @ $4.00 with a stop at $3.80
Ok wizzard....its 378 after
by Anonymous on 10/28/09 7:22pm
Ok wizzard....its 378 after hours what now?????
Um, it's popped over $5
by Anonymous on 01/29/10 1:03am
Um, it's popped over $5 yesterday. Guess you shoulda bought.
Why would anybody take
by Anonymous on 10/27/09 6:19pm
Why would anybody take finacial advise from some unknow person named "Moneymaster" . What a joke
Disclamer:--- Yeah I own the stock and might buy more if the price is right
I bought it at $ 4.20 & at $
by Nelson v. on 10/27/09 9:01pm
I bought it at $ 4.20 & at $ 4.07 . I am content with the purchase. Let this mysterious person buy some AIG.
Mark moneymaster.....what
by Anonymous on 10/28/09 3:05pm
Mark moneymaster.....what you want to buy high and sell low.....you got to buy
now....
not when it goes up 20 bucks.................AND WHAT KIND OF NAME
IS MONEY MASTER
what now 378 after
by Anonymous on 10/28/09 7:24pm
what now 378 after hours.......3.50 tomorrow if we have another down day see KEY wow
HBAN received 1.2 bil in gov.
by Lance on 10/29/09 12:49pm
HBAN received 1.2 bil in gov. bailout funds and the stock is still lumbering below 4.00. they're not lending money, they're not making money, they're just sitting which tells me HBAN has huge problems that are still not resolved. Marty Adams and his band of theives should be in jail with Bernie and the other scum.
Listen to the conference
by Anonymous on 01/29/10 1:06am
Listen to the conference calls. The stock moved above $5 yesterday. You could have made money on this stock.
