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Bullish Moving Average Cross by Ultrapar Participacoes (UGP)

By James Quinn

Today, shares of Ultrapar Participacoes (NYSE:UGP) have crossed bullishly above their 10-day moving average of $20.83 on a volume of 134K 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.

Over the past year, Ultrapar Participacoes has traded in a range of $12.93 to $24.53 and is now at $21.00, 62% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Ultrapar Participacoes. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ultrapar Participacoes in search of a potential trend change.

Keywords: moving crosses ultrapar participacoes

Ticker(s): UGP