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Shore Bancshares Has Returned 35.8% Since SmarTrend Recommendation (SHBI)

By Nick Russo

SmarTrend identified an Uptrend for Shore Bancshares (NASDAQ:SHBI) on October 20th, 2016 at $12.11. In approximately 10 months, Shore Bancshares has returned 35.81% as of today's recent price of $16.44.

In the past 52 weeks, shares of Shore Bancshares have traded between a low of $10.79 and a high of $17.92 and are now at $16.44, which is 52% above that low price. 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