Zions Bancorporation Crosses Below its 10-day MA (ZION)
Zions Bancorporation (NASDAQ:ZION) crossed under its 10-day moving average of $30.59 on a volume of 704K 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, shares of Zions Bancorporation have traded between a low of $13.18 and a high of $33.33 and are now at $30.25, which is 130% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.7%.
SmarTrend recommended that subscribers consider buying shares of Zions Bancorporation on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.07. Since that recommendation, shares of Zions Bancorporation have risen 18.7%. We continue to monitor ZION for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses zions bancorporation