Trade-Ideas LLC identified

Zions Bancorp

(

ZION

) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Zions Bancorp as such a stock due to the following factors:

  • ZION has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $106.5 million.
  • ZION has traded 53,846 shares today.
  • ZION is up 3.8% today.
  • ZION was down 5.2% yesterday.

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More details on ZION:

Zions Bancorporation, a financial holding company, provides a range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The stock currently has a dividend yield of 0.8%. ZION has a PE ratio of 27.

The average volume for Zions Bancorp has been 2.5 million shares per day over the past 30 days. Zions has a market cap of $5.8 billion and is part of the financial sector and banking industry. The stock has a beta of 1.09 and a short float of 7.3% with 2.88 days to cover. Shares are down 4% year-to-date as of the close of trading on Friday.

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