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Us Bancorp Bearish Moving Average Crossover Alert (USB)

By Nick Russo

Us Bancorp (NYSE:USB) crossed under its 10-day moving average of $49.66 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Us Bancorp share prices have moved between a 52-week high of $55.56 and a 52-week low of $43.14 and are now trading 15% above that low price at $49.54 per share. The 200-day and 50-day moving averages have moved 0.01% lower and 0.15% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Us Bancorp and will alert subscribers who have USB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses us bancorp

Ticker(s): USB