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Us Bancorp (USB) Approaches New Upside Target of $54.98

By David Diaz

Us Bancorp (NYSE:USB) has opened bullishly above the pivot of $54.68 today and has reached the first level of resistance at $54.79. Analysts will be watching for a cross of the next upside pivot targets of $54.98 and $55.28.

Us Bancorp share prices have moved between a 52-week high of $57.81 and a 52-week low of $43.14 and are now trading 27% above that low price at $54.84 per share. The 200-day and 50-day moving averages have moved 0.33% higher and 0.09% higher over the past week, respectively.

There is potential upside of 5.1% for shares of Us Bancorp based on a current price of $54.84 and an average consensus analyst price target of $57.62. The stock should discover initial support at its 50-day moving average (MA) of $53.62 and subsequent support at its 200-day MA of $52.07.

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: pivot alerts us bancorp

Ticker(s): USB