United Bankshares Breaks Above 200-Day Moving Average - Bullish for UBSI

In trading on Monday, shares of United Bankshares, Inc. (UBSI) crossed above their 200 day moving average of $28.91, changing hands as high as $29.13 per share. United Bankshares, Inc. shares are currently trading up about 1.6% on the day. The chart below shows the one year performance of UBSI shares, versus its 200 day moving average:

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United Bankshares, Inc. 200 Day Moving Average Chart

Looking at the chart above, UBSI's low point in its 52 week range is $24.46 per share, with $32.71 as the 52 week high point — that compares with a last trade of $28.89.

According to the ETF Finder at ETF Channel, UBSI makes up 2.13% of the KBW Regional Banking Portfolio ETF ( KBWR) which is trading higher by about 2.1% on the day Monday.

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