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UGI: 52-Week High Recently Eclipsed (UGI)

By Shiri Gupta

UGI (NYSE:UGI) traded at a new 52-week high today of $38.48. This new high was reached on below average trading volume as 196,000 shares traded hands, while the average 30-day volume is approximately 893,000 shares.

UGI Corporation distributes and markets energy products and services. The Company is a domestic and international distributor of propane. UGI also distributes and markets natural gas and electricity, and sells related products and services in the Middle Atlantic region of the United States.

UGI (NYSE:UGI) has potential upside of 1.1% based on a current price of $38.48 and analysts' consensus price target of $38.90. The stock should find initial support at its 200-day moving average (MA) of $35.00 and further support at its 50-day MA of $34.67.

UGI share prices have moved between a 52-week high of $38.48 and a 52-week low of $31.51 and are now trading 22% above that low price at $38.48 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of UGI on February 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.05. Since that recommendation, shares of UGI have risen 9.3%. We continue to monitor UGI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows

Ticker(s): UGI