Shares of United Community Banks Receive a Boost, Up 3.6%

Published on Wed, 01/02/2013 - 13:29
By Peter Chu in Market movers, ucbi, market movers, nasdaq:ucbi, united community banks

One of today's stocks on the move is United Community Banks (NASDAQ:UCBI), up 3.6% to $9.78. The S&P is trading higher by 1.7% to 1,450 and the Dow is trading 1.7% higher to 13,323.

Based on a current price of $9.78, United Community Banks is currently 3.5% above its average consensus analyst price target of $9.44. The stock should find initial support at its 50-day moving average (MA) of $8.72 and further support at its 200-day MA of $8.53.

In the past 52 weeks, United Community Banks share prices have been bracketed by a low of $5.95 and a high of $14.65 and are now at $9.78, 64% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of Xerox Rise Above Previous 52-W...

Shares of Xerox (NYSE:XRX) traded today at $13.29, breaking its 52-week high. So far t ...

Recent 52-Week High Exceeded in Shares o...

Shares of Weingarten Realty Investors (NYSE:WRI) traded at a new 52-week high today of ...

Shares of VCA Antech Rise to a New 52-We...

VCA Antech (NASDAQ:WOOF) traded at a new 52-week high today of $39.50. So far today ap ...

Westmoreland Coal: The Winning Streak Co...

Shares of Westmoreland Coal (AMEX:WLB) traded at a new 52-week high today of $43.45. T ...

Shares of Windstream Rise Above Previous...

Windstream (NASDAQ:WIN) traded today at a new 52-week high of $10.57. Approximately 3. ...

Titan International: The Losing Streak C...

Shares of Titan International (NYSE:TWI) traded today at $13.97, breaking its 52-week l ...

Tupperware Brands: New 52-Week Low Set T...

Shares of Tupperware Brands (NYSE:TUP) traded at a new 52-week low today of $73.72. Th ...

Watch for Continued Gains in Shares of T...

Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded today at $18.50, breaking its 52- ...