• Return to Headlines

Us Bancorp (USB) Approaches New Upside Target of $52.14

By James Quinn

Shares of Us Bancorp (NYSE:USB) have bullishly opened above the pivot of $51.81 today and have reached the first resistance level of $51.95. Analysts will be watching for a cross of the next upside pivot targets of $52.14 and $52.47.

Us Bancorp share prices have moved between a 52-week high of $55.56 and a 52-week low of $43.14 and are now trading 21% above that low price at $52.01 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

Us Bancorp has overhead space with shares priced $52.01, or 9.7% below the average consensus analyst price target of $57.62. The stock should find initial support at its 200-day moving average (MA) of $51.56 and further support at its 50-day MA of $50.26.

SmarTrend recommended that subscribers consider buying shares of Us Bancorp on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.78. Since that recommendation, shares of Us Bancorp have risen 10.5%. We continue to monitor USB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts us bancorp

Ticker(s): USB