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UBS Bullish Moving Average Crossover Alert (UBS)

By Shiri Gupta

UBS (NYSE:UBS) shares have crossed bullishly above their 10-day moving average of $14.46 on a volume of 1.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, UBS share prices have been bracketed by a low of $13.68 and a high of $23.19 and are now at $14.56, 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of UBS on May 12th, 2016 by issuing a Downtrend alert when the shares were trading at $15.09. Since that call, shares of UBS have fallen 6.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses

Ticker(s): UBS