Momentum is building with this Rounding Bottom. See the live chart action.
Gradual reversal from bearish to bullish.
Traders are watching U.S. Bancorp (USB) as price action tightens. The stock is trading at $56.09, down 0.74% on the day. The primary technical feature is a Rounding Bottom formation. Volume is strong (1.35x avg) with moderate trend strength (48.6). A potential breakout level is identified at $56.57, targeting $63.33 with support near $53.19 (R:R 2.0).
What is your outlook on USB?