UGI: 52-Week High Recently Eclipsed (UGI)
UGI (NYSE:UGI) traded today at a new 52-week high of $46.73. This new high was reached on below average trading volume as 65,000 shares traded hands, while the average 30-day volume is approximately 587,000 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 share prices have moved between a 52-week high of $46.73 and a 52-week low of $36.43 and are now trading 28% above that low price at $46.49 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.4%.
UGI has overhead space with shares priced $46.49, or 0.2% below the average consensus analyst price target of $46.60. The stock should discover initial support at its 50-day moving average (MA) of $44.85 and subsequent support at its 200-day MA of $41.71.
SmarTrend recommended that subscribers consider buying shares of UGI on January 16th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.83. Since that recommendation, shares of UGI have risen 10.8%. 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