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Watch for Shares of United Bankshares (UBSI) to Approach Resistance at $27.44

Written on Tue, 07/27/2010 - 11:34am
By Chip Brian

SmarTrend has detected shares of United Bankshares (NASDAQ:UBSI) have bullishly opened above the pivot of $26.13 today and have reached the first resistance level of $26.97.
We are watching for a cross of the next upside pivot targets of $27.44 and $28.75. Also, the shares are currently trading above the 50-day moving average of $25.94 and above the 200-day moving average of $23.68.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of United Bankshares on July 13, 2010 at $25.56. Since the call, the stock has risen 5.8%.

Keywords: united bankshares pivot points

Ticker(s): UBSI

Contact Chip Brian



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