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SmarTrend Watching for Potential Rebound in Shares of Us Bancorp After 2.92% Loss

By Nick Russo

Us Bancorp (NYSE:USB) traded in a range yesterday that spanned from a low of $55.04 to a high of $55.76. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $56.19 on volume of 3.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Us Bancorp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Us Bancorp in search of a potential trend change.

Over the past year, Us Bancorp has traded in a range of $46.88 to $61.11 and is now at $55.38, 18% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: rebounders us bancorp

Ticker(s): USB