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US Bancorp Crosses Above its 10-day MA (USB)

By Amy Schwartz

US Bancorp (NYSE:USB) crossed over its 10-day moving average of $41.80 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.

In the past 52 weeks, shares of US Bancorp have traded between a low of $37.07 and a high of $46.26 and are now at $41.97, which is 13% above that low price. 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 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