Zions Bancorporation (ZION) : Traders are bullish on Zions Bancorporation (ZION) as it has outperformed the S&P 500 by a wide margin of 7.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.86%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.38% in the last 1 week, and is up 7.2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.19% and the 50-Day Moving Average is 13.96%.The 200 Day SMA reached 19.74%. Zions Bancorporation is up 6.61% in the last 3-month period. Year-to-Date the stock performance stands at 14.35%.
Zions Bancorporation (NASDAQ:ZION): After opening at $30.76, the stock dipped to an intraday low of $30.43 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.06 and the buying power remained strong till the end. The stock closed at $30.97 for the day, a gain of 1.31% for the day session. The total traded volume was 4,087,510. The stocks close on the previous trading day was $30.57.
Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31, 2014. The Company provides banking and related services through its banking and other subsidiaries, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities.