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Bullish Moving Average Cross by Us Bancorp (USB)

By Nick Russo

Today, shares of Us Bancorp (NYSE:USB) have advanced above their 10-day MA of $51.04 on a volume of 1.1 million 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 $49.03 to $58.50 and is now at $51.19, 4% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

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 $52.84. Since that call, shares of Us Bancorp have fallen 4.0%. 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