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Zions Bancorporation (ZION) Rating Reiterated at FBR Capital

Written on Thu, 07/29/2010 - 12:44pm
By Chip Brian

Zions Bancorporation (NASDAQ:ZION) reiterated Outperform at FBR Capital. The stock closed yesterday at $21.26 on volume of 4,198,900 shares, below the average daily volume of 5,024,340.
In the past 52-weeks, shares of Zions Bancorporation have traded between a low of $11.07 and a high of $30.29 and are now at $21.26, which is 92.1% above that low price.
Zions Bancorporation is currently below its 50-day moving average (MA) of $22.78 and should find support at its 200-day MA of $19.80. In the last five trading sessions, the 50-day MA has fallen 2.98% while the 200-day MA has risen 0.47%.
Zions Bancorporation is a bank holding company that operates full-service banking offices in western United States. The Company also offers an array of investment, mortgage, insurance, and electronic commerce services. In addition, Zions provides financing solutions for small businesses across the United States.

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