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Upgrade Alert for UBS (UBS)

By Amy Schwartz

UBS (NYSE:UBS) was upgraded from Equal Weight to Overweight at Barclays Capital today. The stock closed yesterday at $14.75 on volume of 1.8 million shares, below average daily volume of 2.9 million.

In the past 52 weeks, UBS share prices have been bracketed by a low of $14.01 and a high of $23.19 and closed yesterday at $14.75, 5% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.6%.

UBS has overhead space with shares priced $14.75, or 31.1% below the average consensus analyst price target of $21.42. The stock should find initial resistance at its 50-day moving average (MA) of $16.20 and further resistance at its 200-day MA of $18.46.

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.

SmarTrend is tracking the current trend status for UBS and will alert subscribers who have UBS in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades

Ticker(s): UBS