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Zions Bancorp Crosses Below its 10-day MA (ZION)

By Amy Schwartz

Today, shares of Zions Bancorp (NASDAQ:ZION) have crossed bearishly below their 10-day moving average of $47.50 on a volume of 157K 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.

Over the past year, Zions Bancorp has traded in a range of $38.08 to $59.19 and is now at $47.39, 24% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for Zions Bancorp and will alert subscribers who have ZION in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Zions Bancorp

Ticker(s): ZION