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Watch for Zions Bancorp to Potentially Rebound After Falling 1.07% Yesterday

By Amy Schwartz

Zions Bancorp (NASDAQ:ZION) traded in a range yesterday that spanned from a low of $52.10 to a high of $54.99. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $52.70 on volume of 820,000 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.

Over the past year, Zions Bancorp has traded in a range of $23.02 to $59.19 and is now at $52.42, 128% above that low. The 200-day and 50-day moving averages have moved 0.24% higher and 0.18% lower over the past week, respectively.

Keywords: rebounders Zions Bancorp

Ticker(s): ZION