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

By Amy Schwartz

Today, shares of US Bancorp (NYSE:USB) have fallen below their 10-day MA of $51.42 on a volume of 1.0 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $56.61 and are now at $51.21, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.17% lower and 0.58% higher 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