After Yesterday's Rally of 1.04% Shares Could Potentially Pullback
UGI (NYSE:UGI) traded in a range yesterday that spanned from a low of $45.24 to a high of $45.54. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $45.45 on volume of 259,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, UGI share prices have been bracketed by a low of $31.51 and a high of $45.65 and are now at $45.47, 44% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.
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 $35.04. Since that recommendation, shares of UGI have risen 28.5%. We continue to monitor UGI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.