• Return to Headlines

Zions Bancorp Bearish Moving Average Crossover Alert (ZION)

By Nick Russo

Today, shares of Zions Bancorp (NASDAQ:ZION) have crossed bearishly below their 10-day moving average of $52.99 on a volume of 272K 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.

Zions Bancorp share prices have moved between a 52-week high of $59.19 and a 52-week low of $23.02 and are now trading 129% above that low price at $52.74 per share. The 200-day and 50-day moving averages have moved 0.27% higher and 0.44% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Zions Bancorp on May 29th, 2018 by issuing a Downtrend alert when the shares were trading at $55.71. Since that call, shares of Zions Bancorp have fallen 4.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Zions Bancorp

Ticker(s): ZION