Fifth Third Bancorp (FITB) Downgrade Alert, Watch for 434.4% Technical Uptrend Reversal

Fifth Third Bancorp (NASDAQ:FITB) downgraded to Sell from Neutral at Rochdale. The stock closed Friday at $10.34 on volume of 19,863,184 shares, below average daily volume of 25,840,096.

Fifth Third Bancorp is currently above its 50-day moving average of $10.19 and above its 200-day moving average of $6.40.

SmarTrend is bullish on shares of FITB and our subscribers received an Uptrend alert on March 16, 2009 at $1.94, which has returned 434.4% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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