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Dec 19, 2014 (Pivot alerts via COMTEX) -- Shares of Zions Bancorporation (NASDAQ:ZION) have bullishly opened above the pivot of $28.03 today and have reached the first resistance level of $28.37. Investors may be interested in a cross of the next upside pivot targets of $28.54 and $29.05.
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.
Zions Bancorporation share prices have moved between a 52-week high of $33.33 and a 52-week low of $13.18 and are now trading 115% above that low price at $28.38 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.
Zions Bancorporation (NASDAQ:ZION) has potential upside of 9.1% based on a current price of $28.38 and analysts' consensus price target of $30.97. Zions Bancorporation shares should encounter resistance at the 200-day moving average (MA) of $29.09 and support at the 50-day MA of $28.14.
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