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Bullish Moving Average Cross by Us Bancorp (USB)

By Shiri Gupta

Us Bancorp (NYSE:USB) crossed over its 10-day moving average of $50.43 on a volume of 744K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $50.54, 31% above that low. The 200-day and 50-day moving averages have moved 0.17% lower and 0.58% higher over the past week, respectively.

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 4.8%. 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