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US Bancorp (USB) Crosses Pivot Point Support at $52.41

By Shiri Gupta

US Bancorp (NYSE:USB) has opened bearishly below the pivot of $52.63 today and has reached the first level of support at $52.41. Investors may be interested in a cross of the next downside pivot targets of $52.26 and $51.89.

There is potential upside of 0.0% for shares of US Bancorp based on a current price of $0.00 and an average consensus analyst price target of $54.36. The stock should find initial resistance at its 50-day moving average (MA) of $41.01 and further resistance at its 200-day MA of $41.81.

In the past 52 weeks, US Bancorp share prices have been bracketed by a current low of $0.00 and a high of $56.61 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.2%.

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