Breakout to watch: ZION

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Breakout to watch: ZIONZions Bancorporation NABATS:ZIONshlobbyClosing out this batch with a regional bank that has been quietly building a base beneath its marked horizontal line. The weekly chart shows price working sideways for a long stretch, with the line capping each attempt to push higher, while the broader weekly trend has been gradually steadying underneath. A clean move through the line would be the first real sign that the basing phase is giving way to something more, so I am keeping this one on the watchlist and waiting for the weekly bars to show their hand.