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

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

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