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Bullish Moving Average Cross by United Bankshares (UBSI)

By James Quinn

Today, shares of United Bankshares (NASDAQ:UBSI) have advanced above their 10-day MA of $41.47 on a volume of 146K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, United Bankshares share prices have been bracketed by a low of $32.22 and a high of $49.35 and are now at $41.96, 30% above that low price. The 200-day and 50-day moving averages have moved 0.24% lower and 0.72% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of United Bankshares on December 16th, 2016 by issuing a Downtrend alert when the shares were trading at $45.72. Since that call, shares of United Bankshares have fallen 10.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses united bankshares

Ticker(s): UBSI