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

By Nick Russo

Today, shares of Zions Bancorporation (NASDAQ:ZION) have fallen below their 10-day MA of $40.28 on a volume of 631K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Zions Bancorporation share prices have been bracketed by a low of $13.18 and a high of $48.33 and are now at $39.93, 203% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Zions Bancorporation on March 21st, 2017 by issuing a Downtrend alert when the shares were trading at $42.13. Since that call, shares of Zions Bancorporation have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses zions bancorporation

Ticker(s): ZION