United Bankshares: The Trend Continues Higher (UBSI)
Wednesday, February 24, 2010 - 14:58
Written on Wed, 02/24/2010 - 2:58pm
By Chip Brian

SmarTrend identified an Uptrend for United Bankshares (NASDAQ:UBSI) on December 17, 2009 at $19.24. In approximately 2 months, United Bankshares has returned 32.5% as of today's recent price of $25.50.
United Bankshares is currently above its 50-day moving average of $21.87 and above its 200-day moving average of $20.10. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of United Bankshares shares.

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