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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 $53.42 on a volume of 2.3 million shares. This may provide short-term investors a chance 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 $43.14 and a high of $55.56 and are now at $54.39, which is 26% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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