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Shares of UBS Rise Above Previous 52-Week High

By Shiri Gupta

Shares of UBS (NYSE:UBS) traded at a new 52-week high today of $22.98. This new high was reached on below average trading volume as 650,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

UBS share prices have moved between a 52-week high of $22.98 and a 52-week low of $15.04 and are now trading 53% above that low price at $22.95 per share. The 200-day and 50-day moving averages have moved 0.45% higher and 0.34% higher over the past week, respectively.

UBS AG is a wealth management, investment banking, and asset management firm. The Company provides a variety of financial services to individuals, institutions, corporations, governments, and financial intermediaries around the world.

UBS (NYSE:UBS) defies analysts with a current price ($22.95) 1.7% above its average consensus price target of $22.56. UBS shares have support at the 50-day moving average (MA) of $21.80 and additional support at the 200-day MA of $18.89.

SmarTrend recommended that subscribers consider buying shares of UBS on March 5th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.59. Since that recommendation, shares of UBS have risen 29.8%. We continue to monitor UBS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows

Ticker(s): UBS