I have not reviewed the charts of First Horizon National Corp. (FHN) since 2016, writing, "I would look for FHN to make a 'high level' consolidation as it digests its gains. Maybe prices dip to $18 or $17.50 and this shallow correction or dip could be used for purchases. Our longer-term upside price target is $30."
Looking back on a weekly chart (second chart, below) we can see that FHN has traded sideways for more than a year in the high-level consolidation. Are prices finally ready for their next move? Let's check the charts again.
In this updated daily bar chart of FHN, below, we can see that prices have been in a sideways trading range between $18 and $21 since November. Prices are below the declining 50-day moving average line and trying to hold above the rising 200-day line.
What I find really interesting is the movement of the On-Balance-Volume (OBV) line - notice that it has been rising steadily since early September. A rising OBV line tells us that buyers of FHN have been more aggressive.
The Moving Average Convergence Divergence (MACD) oscillator is poised to cross to the upside for a cover shorts buy signal.

In this weekly bar chart of FHN, below, we can see that prices have traded sideways since early 2017 between $16 and $21. Prices are currently above the rising 40-week moving average line and we could see another test of the $21 dollar level.
The weekly OBV line has been very strong since September, telling us there has been strong accumulation. The weekly MACD oscillator is still pointed down towards the zero line.

In this long-term Point and Figure chart of FHN, below, we can see an upside price objective of $27.50. A breakout of a triple top occurs at $21.00.

Bottom line: FHN looks like it wants to break out on the upside. Traders could buy strength above $20.50 and $21.00 looking for gains to around $30. Risk below $19.00 after purchases.