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Shares of United Community Banks Down on Above Average Volume, Moving Against Trend (UCBI)

By Amy Schwartz

The price of United Community Banks shares has slipped to $19.53 (a 3.4% change) on heavy trading volume. Today's volume of 426,000 shares tops the average 30-day volume of 375,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of United Community Banks on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.15. Since that recommendation, shares of United Community Banks have risen 11.4%. We continue to monitor UCBI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, United Community Banks share prices have been bracketed by a low of $15.74 and a high of $22.23 and are now at $19.53, 24% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

Keywords: unusual volume united community banks

Ticker(s): UCBI