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Us Bancorp (USB) Breaks Through Support at $54.66

By David Diaz

Shares of Us Bancorp (NYSE:USB) opened today below their pivot of $54.66 and have already reached the first level of support at $54.66. Investors may be interested in a cross of the next downside pivot targets of $54.52 and $54.38.

In the past 52 weeks, shares of Us Bancorp have traded between a low of $47.57 and a high of $61.11 and are now at $54.84, which is 15% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

There is potential upside of 5.1% for shares of Us Bancorp based on a current price of $54.84 and an average consensus analyst price target of $57.62. Us Bancorp shares should first meet resistance at the 200-day moving average (MA) of $55.03 and find additional resistance at the 50-day MA of $56.86.

SmarTrend is tracking the current trend status for Us Bancorp and will alert subscribers who have USB in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts us bancorp

Ticker(s): USB