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

By James Quinn

Today, shares of US Bancorp (NYSE:USB) have crossed bearishly below their 10-day moving average of $51.74 on a volume of 1.2 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 $56.61 and a 52-week low of $37.07 and are now trading 37% above that low price at $50.97 per share. Over the last five market days, 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