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Next Resistance Level for Union Bankshares (UBSH) is $14.65

Written on Tue, 07/27/2010 - 12:37pm
By Chip Brian

SmarTrend has detected shares of Union Bankshares (NASDAQ:UBSH) have bullishly opened above the pivot of $14.05 today and have reached the first resistance level of $14.44.
We are watching for a cross of the next upside pivot targets of $14.65 and $15.25. Also, the shares are currently trading above the 50-day moving average of $13.98 and above the 200-day moving average of $13.47.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Union Bankshares on July 14, 2010 at $13.67. Since the call, the stock has risen 5.8%.

Keywords: union bankshares pivot points

Ticker(s): UBSH

Contact Chip Brian



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