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Zions Bancorp Falls 1.07% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

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.

In the past 52 weeks, shares of Zions Bancorp have traded between a low of $23.02 and a high of $59.19 and are now at $52.42, which is 128% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.2%.

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.

Keywords: rebounders Zions Bancorp

Ticker(s): ZION