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Bearish Moving Average Cross by Us Bancorp (USB)

By Nick Russo

Us Bancorp (NYSE:USB) crossed under its 10-day moving average of $50.83 on a volume of 3.7 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Us Bancorp has traded in a range of $38.48 to $58.50 and is now at $50.15, 30% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Us Bancorp on March 19th, 2018 by issuing a Downtrend alert when the shares were trading at $52.83. Since that call, shares of Us Bancorp have fallen 3.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses us bancorp

Ticker(s): USB