SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of United Western Bancorp (UWBK)
SmarTrend identified a Downtrend for United Western Bancorp (NASDAQ: UWBK) on February 22, 2010 at $2.43. In approximately 3 weeks, United Western Bancorp has returned 24.7% as of today's recent price of $1.83.
United Western Bancorp is currently below its 50-day moving average of $2.83 and below its 200-day moving average of $4.98. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of United Western Bancorp.
Write to Chip Brian at cbrian@tradethetrend.com
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