• Return to Headlines

Shore Bancshares Up 40.4% Since SmarTrend Uptrend Call (SHBI)

By Nick Russo

SmarTrend identified an Uptrend for Shore Bancshares (NASDAQ:SHBI) on October 20th, 2016 at $12.11. In approximately 8 months, Shore Bancshares has returned 40.44% as of today's recent price of $17.00.

Over the past year, Shore Bancshares has traded in a range of $9.13 to $17.92 and is now at $17.00, 86% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.5%.

Shore Bancshares, Inc. is the holding company for The Centreville National Bank of Maryland, The Talbot Bank and The Felton Bank. The Company provides consumer and commercial banking and insurance services in the Maryland counties of Kent, Queen Anne's, Caroline, Talbot and Dorchester and in Kent County, Delaware.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Shore Bancshares shares.

Log in and add Shore Bancshares (SHBI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights shore bancshares

Ticker(s): SHBI