Bearish trend call made as UMB financial stock drops 9.8% (UMBF)

0


[ad_1]

(via the COMTEX news network) –

SmarTrend identified a downtrend for UMB Financial (NASDAQ: UMBF) on January 27, 2011 at $ 41.58. In about 3 months, UMB Financial has returned 9.8% to today’s recent price of $ 37.51.

Over the past 52 weeks, shares of UMB Financial have traded between a low of $ 31.77 and a high of $ 44.68 and now sit at $ 37.51, or 18% above that. low prices.

UMB Financial is currently below its 50-day moving average of $ 39.20 and below its 200-day moving average of $ 38.07. Expect these moving averages to decline to confirm the company’s bearish momentum.

Over the past five trading days, the 50-day MA has fallen 0.61% while the 200-day MA has remained constant.

SmarTrend will continue to analyze these moving averages and a number of other proprietary metrics for any changes in the momentum of UMB Financial stocks.

Write to Chip Brian at cbrian@mysmartrend.com

————————————————– ——————————————–

SmarTrend analyzes more than 5,000 stocks simultaneously throughout the trading day and provides its subscribers with real-time trend change alerts. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

Get an exclusive and actionable insight into the market trend before the market opens with our free morning newsletter. Register at: http://www.mysmartrend.com/signup

[ad_2]

Share.

Leave A Reply