Huntington Bancshares Inc.(HBAN) is in an downtrend

(23-May-2008) (23-May-2008) Huntington Bancshares Inc.(HBAN) closed at 8.7, down -0.21 or -2.36 % today. Based on our analysis, Huntington Bancshares Inc.(HBAN) is in an downtrend.

The closing price of Huntington Bancshares Inc.(HBAN) is below its 50 day moving average of 9.91 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Huntington Bancshares Inc.(HBAN) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line today, let us see if it stays below.