UGI: The Trend Continues Down (UGI)
Friday, January 15, 2010 - 15:30
Written on Fri, 01/15/2010 - 3:30pm
By Chip Brian

SmarTrend identified a Downtrend for UGI (NYSE:UGI) on September 01, 2009 at $24.93. In approximately 5 months, UGI has returned 3.1% as of today's recent price of $24.16.
UGI is currently below its 200-day moving average of $24.67 and should find support at its 50-day moving average of $24.12. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of UGI.

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