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Universal Forest Up 15.6% Since SmarTrend Uptrend Call (UFPI)

By Amy Schwartz

SmarTrend identified an Uptrend for Universal Forest (NASDAQ:UFPI) on June 7th, 2019 at $35.95. In approximately 3 months, Universal Forest has returned 15.63% as of today's recent price of $41.57.

Over the past year, Universal Forest has traded in a range of $24.14 to $42.13 and is now at $41.57, 72% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.4%.

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 shifts in the trajectory of Universal Forest shares.

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