• Return to Headlines

Look for Shares of Us Bancorp to Potentially Rebound after Yesterday's 1.61% Sell Off

By Amy Schwartz

Us Bancorp (NYSE:USB) traded in a range yesterday that spanned from a low of $58.67 to a high of $59.13. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $59.67 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Us Bancorp share prices have moved between a 52-week high of $60.51 and a 52-week low of $43.14 and are now trading 37% above that low price at $59.06 per share. The 200-day and 50-day moving averages have moved 0.17% higher and 0.30% higher over the past week, respectively.

Keywords: rebounders us bancorp

Ticker(s): USB