• Return to Headlines

Us Bancorp Bearish Moving Average Crossover Alert (USB)

By Nick Russo

Us Bancorp (NYSE:USB) shares have crossed bearishly below their 10-day moving average of $53.01 on a volume of 775K shares. Swing traders may find 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 $58.50 and a 52-week low of $48.49 and are now trading 9% above that low price at $52.79 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Us Bancorp on July 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.88. Since that recommendation, shares of Us Bancorp have risen 3.1%. We continue to monitor USB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses us bancorp

Ticker(s): USB