Wednesday, February 9, 2011

Huntington Bank Looking Hot

Take a look at Huntington Bank (HBAN).  P/E Ratio of 90.6 and a high volume to justify the movement in the stock prices.  The beta is a bit high, +1.8, but given that the stock is finally on a rebound from a low of $1.00, achieved on 2/28/2009, I would take a serious look at this stock.  HBAN is currently trading well below both the 50-day and the 200-day moving average.

Saliq Khan

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