SmarTrend identified an Uptrend for United Community Banks (NASDAQ:UCBI) on August 29th, 2012 at $7.92. In approximately 4 months, United Community Banks has returned 24.83% as of today's recent price of $9.88.

Over the past year, United Community Banks has traded in a range of $5.95 to $14.65 and is now at $9.88, 66% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

United Community Banks, Inc. is a multi-bank holding company with locations throughout north Georgia and western North Carolina. The Banks are community oriented and offer retail and corporate banking services including checking, savings, and time deposit accounts, secured and unsecured loans, wire transfers, trust services, and rental of safe deposit boxes.

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

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