Can Fifth Third Bancorp Continue to Outperform? Let s check out the charts and indicators of the Cincinnati-based regional bank. Stocks quotes in this article: FITB
Fifth Third Bancorp (FITB) has been a strong performer in 2021 and even made a fresh 52-week high Friday morning. However, the shares have quickly reversed direction and could close lower on the day.
Let s look closer at a few charts and indicators to see what s in store for this regional financial.
In the daily Japanese candlestick chart of FITB, below, we can see how the shares have rallied the past twelve months. Prices are trading above the rising 50-day moving average line as well as above the rising 200-day moving average line. Prices are not extended when compared to the slower-to-react 200-day line.
The fall gold prices has taken place amid hopes of economic recovery post the reopening of business activities along with vaccination drives across the globe. The recent decline comes largely on the back of high yields in US bonds.Gold
We Have a Full-Blown Market Correction on Our Hands The good news is that correlated, index-driven selloffs always eventually lead to exceptional stock picking.
Mar 05, 2021 | 06:47 AM EST
The major indices suffered through another day of intense selling on Thursday. The drop was enough to crack some key support areas and pushed the overall market into a technical correction as defined by Investor s Business Daily.
The selling has become increasingly correlated as it has continued and left few stocks untouched. Initially, the corrective action was triggered by a rotation out of technology stocks that had benefited from the work-at-home movement and into the reopen the economy stocks such as hospitality and airlines.
By Joe Wallace and Karen Langley U.S. stocks swung between gains and losses in a wild trading session Friday after February s stronger-than-expected employment report helped government bond. | March 11, 2021