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Watch for United Bankshs to Potentially Rebound After Falling 1.17% Yesterday

By Shiri Gupta

United Bankshs (NASDAQ:UBSI) traded in a range yesterday that spanned from a low of $35.70 to a high of $36.35. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $36.25 on volume of 225,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for United Bankshs and will alert subscribers who have UBSI in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, United Bankshs share prices have been bracketed by a low of $31.70 and a high of $49.35 and are now at $35.97, 13% 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 0.7%.

Keywords: rebounders united bankshs

Ticker(s): UBSI