Time for Investors to Take the Plunge on Fifth Third Bancorp (NASDAQ:FITB)

Equity Research firms currently have a positive stance on shares of Fifth Third Bancorp (NASDAQ:FITB). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $20.57 on a short term basis.

At the time of writing, the stock was trading at $20.44. This represents a change from the opening price of 0.96%. In terms of performance, year to date, the stock is 3.49%. The monthly stock performance comes in at 2.19%. For the quarter, shares are performing at 22.63%. Weekly performance analysis shows the equity at 0.09%.

In taking a look at technical levels, shares are trading 4.00% away from the 50 day simple moving average and 14.88% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -2.54% away from it’s 52- week high and 51.00% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Fifth Third Bancorp’s RSI stands at 55.58. In looking at volatility levels, the shares saw weekly volatility of 2.17% and 1.95% over the past month.

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