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TMCNet:  10.7% Return Seen to Date on SmarTrend Shore Bancshares Call (SHBI)

[November 19, 2012]

10.7% Return Seen to Date on SmarTrend Shore Bancshares Call (SHBI)

Nov 19, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Shore Bancshares (NASDAQ:SHBI) on October 31st, 2012 at $5.83. In approximately 3 weeks, Shore Bancshares has returned 10.73% as of today's recent price of $5.20.

Shore Bancshares share prices have moved between a 52-week high of $7.45 and a 52-week low of $4.65 and are now trading 12% above that low price at $5.20 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Shore Bancshares, Inc. is the holding company for The Centreville National Bank of Maryland, The Talbot Bank and The Felton Bank. The Company provides consumer and commercial banking and insurance services in the Maryland counties of Kent, Queen Anne's, Caroline, Talbot and Dorchester and in Kent County, Delaware.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Shore Bancshares.

Log in and add Shore Bancshares (SHBI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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