Downgrade Alert for UBS (UBS)
UBS (NYSE:UBS) was downgraded from Overweight to Equal Weight at Morgan Stanley today. The stock closed yesterday at $15.91 on volume of 4.7 million shares, above average daily volume of 2.7 million.
UBS has overhead space with shares priced $15.91, or 25.7% below the average consensus analyst price target of $21.42. UBS shares should first meet resistance at the 50-day moving average (MA) of $16.16 and find additional resistance at the 200-day MA of $18.56.
UBS AG is a wealth management, investment banking, and asset management firm. The Company provides a variety of financial services to individuals, institutions, corporations, governments, and financial intermediaries around the world.
UBS share prices have moved between a 52-week high of $23.19 and a 52-week low of $14.01 and closed yesterday at 14% above that low price at $15.91 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.4%.
SmarTrend is monitoring the recent change of momentum in UBS. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of UBS in search of a potential trend change.
Keywords: analyst upgrades/downgrades