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Union Bankshares Crosses Below its 10-day MA (UBSH)

By Amy Schwartz

Union Bankshares (NASDAQ:UBSH) shares have crossed bearishly below their 10-day moving average of $40.76 on a volume of 149K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Union Bankshares have traded between a low of $23.28 and a high of $42.74 and are now at $40.60, which is 74% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Union Bankshares and will alert subscribers who have UBSH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses union bankshares

Ticker(s): UBSH