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After Yesterday's Decline of 1.64%, Us Bancorp Offers Investors Better Value

By David Diaz

Us Bancorp (NYSE:USB) traded in a range yesterday that spanned from a low of $50.83 to a high of $51.44. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $51.19 on volume of 2.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Us Bancorp share prices have moved between a 52-week high of $56.61 and a 52-week low of $38.48 and are now trading 32% above that low price at $50.90 per share. The 200-day and 50-day moving averages have moved 0.17% lower and 0.58% higher over the past week, respectively.

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

Keywords: rebounders us bancorp

Ticker(s): USB