U.S. Bancorp: Buy The Dip Opportunity (Technical Analysis)
U.S. Bancorp(USB) Seeking Alpha·2024-01-22 16:10Sundry Photography Last week, the SP 500 index closed at a new all-time high. Also last week, I saw an article on SeekingAlpha.com about buying the dip. Well, U.S. Bancorp (NYSE:USB) represents a buy the dip idea. This article will outline why I think USB is an interesting idea based on price action, momentum, and relative strength. I will also outline a risk management strategy if you choose to buy USB. Chart 1 - USB Weekly Price Chart with Price Percentage Oscillator, Volume, and Relative Strength www.sto ...