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Watch for United Bankshs to Potentially Rebound After Falling 1.62% Yesterday

By David Diaz

United Bankshs (NASDAQ:UBSI) traded in a range yesterday that spanned from a low of $31.71 to a high of $32.65. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $32.20 on volume of 395,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of United Bankshs on December 16th, 2016 by issuing a Downtrend alert when the shares were trading at $45.72. Since that call, shares of United Bankshs have fallen 29.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

United Bankshs share prices have moved between a 52-week high of $49.35 and the current low of $31.71 and are currently at $31.78 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

Keywords: rebounders united bankshs

Ticker(s): UBSI