Fifth Third Bancorp (FITB) Upgrade Alert, Watch for 356.8% Technical Uptrend Continuation

Fifth Third Bancorp (NASDAQ:FITB) upgraded to Outperform from Neutral, $11 target, at RW Baird. The stock closed yesterday at $8.84 on volume of 19,793,400 shares, below average daily volume of 24,692,484.

Fifth Third Bancorp is currently above its 200-day moving average of $6.42 and should find resistance at its 50-day moving average of $10.16.

SmarTrend is bullish on shares of FITB and our subscribers received an Uptrend alert on March 16, 2009 at $1.94, which has returned 356.8% to date.

Write to Chip Brian at cbrian@tradethetrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html

Related terms: market, nasdaq, securities