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Downgrade Alert for Universal Truckload Services (UACL)

By Amy Schwartz

Universal Truckload Services (NASDAQ:UACL) was downgraded from Buy to Hold at Stifel today. The stock closed yesterday at $14.98 on volume of 34,000 shares, above average daily volume of 23,000.

Universal Truckload Services has overhead space with shares priced $14.98, or 25.1% below the average consensus analyst price target of $20.00. The stock should run into initial resistance at its 50-day moving average (MA) of $15.44 and subsequent resistance at its 200-day MA of $16.97.

Universal Truckload Services share prices have moved between a 52-week high of $27.63 and a 52-week low of $11.12 and closed yesterday at 35% above that low price at $14.98 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.5%.

Universal Truckload Services, Inc. provides non-asset based transportation services throughout the United States and in Canada. The Company primarily operates through a network of independent sales agents and owner-operators. Universal Truckload provides flatbed and dry van operations as well as intermodal support services.

SmarTrend recommended that subscribers consider buying shares of Universal Truckload Services on February 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.22. Since that recommendation, shares of Universal Truckload Services have risen 11.2%. We continue to monitor UACL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades universal truckload services

Ticker(s): UACL