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Bullish Moving Average Cross by Universal Forest (UFPI)

By Shiri Gupta

Universal Forest (NASDAQ:UFPI) shares have crossed bullishly above their 10-day moving average of $36.61 on a volume of 165K 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, Universal Forest has traded in a range of $24.14 to $40.22 and is now at $40.01, 66% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Universal Forest and will alert subscribers who have UFPI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses universal forest

Ticker(s): UFPI