Fifth Third Bancorp - FITB - close: 11.52 change: +0.53 stop: 10.49

Why We Like It:
Banking stocks have displayed relative strength this year. Investors were a little nervous ahead of this morning's financial crisis committee in Washington but the sector rallied once the meeting began to wind down. I suspect that bank sector earnings could be a lot better than expected and JPM reports earnings on Friday. JPM's results could reignite the rally for banks.

I like FITB because the stock is showing relative strength. Traders bought the dip this morning at $10.69. FITB rallied to new 52-week highs on very strong volume. I'm suggesting we open small bullish positions now (half your normal trade size). This is going to be a short-term trade. We'll plan to exit ahead of the January 21st earnings report just to be safe. Our first target is $13.00.

Annotated chart:

Entry on   January 13 at $11.52 
Change since picked:     + 0.00   			
Earnings Date          01/21/10 (confirmed)    
Average Daily Volume:      12.7 million 
Listed on   January 09, 2009