BORMIO, Italy – Ted Ligety owns a solid lead in the giant slalom standings and Bode Miller just earned the red bib in downhill.

With both Americans in the mix for the overall World Cup title, U.S. men’s coach Sasha Rearick is satisfied heading into the circuit’s short New Year’s holiday.

“We’ve got two guys in red bibs and two guys in there for the overall, so that’s pretty good,” Rearick said Thursday after Miller finished fifth behind the winner, Didier Defago of Switzerland.

Ligety has won two of the four giant slalom races so far, while Miller took a downhill victory in Beaver Creek, Colo. He’s been putting up impressive results in the speed events this season.

In the downhill standings, Miller holds a nine-point lead over Klaus Kroell of Austria, with Swiss standout Didier Cuche 13 points back and previous leader Beat Feuz of Switzerland trailing by 14 points.

“There are four or five guys who can win,” Miller said.

While Lindsey Vonn has won the season-long downhill title the last four seasons, no American man has ever won it.

Miller came close in 2008, losing to Cuche by five points when the final race of the season in Bormio was canceled.

“I think it’s something he would like to accomplish,” Rearick said. “But he and I don’t spend a lot of time talking about those things.”

The victory by Defago, the Olympic downhill champion, showed he’s fully recovered from a knee injury that kept him out all of last season.

Defago had a nearly flawless run and clocked 2 minutes, 1.81 seconds, with fellow Swiss racer Patrick Kueng 0.29 seconds behind and Kroell third, 0.42 back.

Miller nearly touched the snow with his left hip midway down as he tried to correct his line on a traverse.

“I take a lot of risks with my skiing and when I made that mistake on the traverse, there was nowhere else to make up time,” Miller said.

“I basically had to ski uphill to make the next gate.”

It was the fourth World Cup win of Defago’s career and his third in downhill, having won the classic races in Wengen and Kitzbuehel back-to-back three years ago.

Defago appeared set for greatness after earning one of the most prized gold medals at last year’s Vancouver Olympics. But in September 2010, he ruptured knee ligaments in preseason training and spent seven months off the slopes.

“I’m just happy to be racing again. Everything is positive now,” Defago said.