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

By Nick Russo

Zions Bancorp (NASDAQ:ZION) shares have crossed bearishly below their 10-day moving average of $45.37 on a volume of 1.8 million shares. Swing traders may find 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 $38.08 and are now trading 12% above that low price at $42.60 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

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