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Zions Bancorp Falls 2.77% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Zions Bancorp (NASDAQ:ZION) traded in a range yesterday that spanned from a low of $47.80 to a high of $50.23. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $49.11 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Zions Bancorp on May 29th, 2018 by issuing a Downtrend alert when the shares were trading at $55.71. Since that call, shares of Zions Bancorp have fallen 11.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Zions Bancorp share prices have moved between a 52-week high of $59.19 and a 52-week low of $23.02 and are now trading 109% above that low price at $48.08 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

Keywords: rebounders Zions Bancorp

Ticker(s): ZION