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28.4% Return Seen to Date on SmarTrend Universal Forest Call (UFPI)

By Shiri Gupta

SmarTrend identified a Downtrend for Universal Forest (NASDAQ:UFPI) on November 15th, 2017 at $36.50. In approximately 13 months, Universal Forest has returned 28.36% as of today's recent price of $26.15.

Over the past year, Universal Foresthas traded in a range of $25.99 to $39.58 and are now at $26.15. The 200-day and 50-day moving averages have moved 0.39% lower and 1.6% lower over the past week, respectively.

Universal Forest Products, Inc. engineers, manufactures, treats, and distributes lumber products for the do-it-yourself (DIY), manufactured housing, industrial and site-built construction markets. The company distributes its products through home-center retailers, retail and contractor-oriented regional lumberyards, and to builders and modular-home contractors.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Universal Forest.

Log in and add Universal Forest (UFPI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights universal forest

Ticker(s): UFPI