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Us Bancorp Down 41.6% Since SmarTrend Downtrend Call (USB)

By Shiri Gupta

SmarTrend identified a Downtrend for Us Bancorp (NYSE:USB) on January 3rd, 2020 at $58.30. In approximately 3 months, Us Bancorp has returned 41.56% as of today's recent price of $34.07.

Over the past year, Us Bancorp has traded in a range of $28.59 to $61.11 and is now at $34.07, 19% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 3.2%.

U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Us Bancorp.

Log in and add Us Bancorp (USB) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights us bancorp

Ticker(s): USB