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Ultrapar Participacoes Crosses Above its 10-day MA (UGP)

By Shiri Gupta

Ultrapar Participacoes (NYSE:UGP) crossed over its 10-day moving average of $22.37 on a volume of 131K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Ultrapar Participacoes have traded between a low of $12.93 and a high of $24.53 and are now at $22.57, which is 75% above that low price. The 200-day and 50-day moving averages have moved 0.11% lower and 2.04% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Ultrapar Participacoes. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ultrapar Participacoes in search of a potential trend change.

Keywords: moving crosses ultrapar participacoes

Ticker(s): UGP