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By Chip Brian, SmarTrend Analytics Team
SmarTrend identified an Uptrend for Zions Bancorporation (NASDAQ:ZION) on January 07, 2010 at $15.97. In approximately 3 weeks, Zions Bancorporation has returned 22.5% as of today's recent price of $19.57.
Zions Bancorporation is currently above its 50-day moving average of $14.32 and above its 200-day moving average of $14.71. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Zions Bancorporation shares.
Contact Chip Brian