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United Bankshares Bearish Moving Average Crossover Alert (UBSI)

By Amy Schwartz

United Bankshares (NASDAQ:UBSI) crossed under its 10-day moving average of $38.80 on a volume of 117K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $43.43 and are now at $38.65, 20% 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 is tracking the current trend status for United Bankshares and will alert subscribers who have UBSI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses united bankshares

Ticker(s): UBSI