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Zions Bancorp (ZION) Approaches New Upside Target of $49.28

By Nick Russo

Zions Bancorp (NASDAQ:ZION) has opened bullishly above the pivot of $49.13 today and has reached the first level of resistance at $49.20. Should the shares continue to rise, the resistance pivots of $49.28 and $49.43 will be of interest.

Potential upside of 21.6% exists for Zions Bancorp, based on a current level of $49.12 and analysts' average consensus price target of $59.72. Zions Bancorp shares should encounter resistance at the 200-day moving average (MA) of $50.06 and support at the 50-day MA of $47.67.

Over the past year, Zions Bancorp has traded in a range of $38.08 to $59.19 and is now at $49.12, 29% above that low. The 200-day and 50-day moving averages have moved 0.28% lower and 1.15% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Zions Bancorp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Zions Bancorp in search of a potential trend change.

Keywords: pivot alerts Zions Bancorp

Ticker(s): ZION