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

By Shiri Gupta

Today, shares of Zions Bancorp (NASDAQ:ZION) have crossed bearishly below their 10-day moving average of $49.09 on a volume of 215K 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 Zions Bancorp have traded between a low of $38.08 and a high of $59.19 and are now at $48.90, which is 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Zions Bancorp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Zions Bancorp in search of a potential trend change.

Keywords: moving crosses Zions Bancorp

Ticker(s): ZION