New York, March 4th (TradersHuddle.com) - Shares of Zions Bancorporation (NASDAQ:ZION) are trading very close to calculated support at $18.02 with current price action closing at just $18.08 places the stock price near levels where traders will start paying attention.

Zions Bancorporation (NASDAQ:ZION) is a bank holding company that operates full-service banking offices in western United States. The collection of regional banks also offers an array of investment, mortgage, insurance, and electronic commerce services.

Zions' current stock range is defined by current calculated support defined at $18.02 and by the resistance level at $19.19, which should be used by traders planning their trades.

Traders wanting to establish a position should place close attention to Zions' price action, and establish a position as close to support as possible, but only after buying materializes. Traders should understand that the resistance point at $19.19 might limit their upside, however if the stock breaks resistance, it could be a good point to add to the position.