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Bullish Moving Average Cross by Ultra Clean Hold (UCTT)

By Shiri Gupta

Today, shares of Ultra Clean Hold (NASDAQ:UCTT) have crossed bullishly above their 10-day moving average of $10.23 on a volume of 255K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Ultra Clean Hold share prices have moved between a 52-week high of $21.72 and a 52-week low of $6.94 and are now trading 52% above that low price at $10.53 per share. The 200-day and 50-day moving averages have moved 1.1% lower and 1.48% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Ultra Clean Hold on February 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $10.87. Since that call, shares of Ultra Clean Hold have fallen 7.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ultra clean hold

Ticker(s): UCTT