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United Bankshares Bullish Moving Average Crossover Alert (UBSI)

By Amy Schwartz

United Bankshares (NASDAQ:UBSI) crossed over its 10-day moving average of $38.56 on a volume of 125K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

United Bankshares share prices have moved between a 52-week high of $49.35 and a 52-week low of $32.22 and are now trading 21% above that low price at $39.05 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

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 16.2%. 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