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Look for Shares of Zions Bancorp to Potentially Rebound after Yesterday's 1.47% Sell Off

By David Diaz

Zions Bancorp (NASDAQ:ZION) traded in a range yesterday that spanned from a low of $54.75 to a high of $55.97. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $55.46 on volume of 568,000 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 Zions Bancorp and will alert subscribers who have ZION in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Zions Bancorp have traded between a low of $23.02 and a high of $57.29 and are now at $54.80, which is 138% above that low price. The 200-day and 50-day moving averages have moved 0.33% lower and 1.69% higher over the past week, respectively.

Keywords: rebounders Zions Bancorp

Ticker(s): ZION