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Moving Average Crossover Alert: Ultrapar Participacoes SA (UGP) – Tale of the Tape
Friday, August 16, 2013 4:28
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Ultrapar Participacoes SA (UGP) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for UGP broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved lower by 4.0% in the past four weeks. Plus, the company currently has a Zacks Rank #5 (Strong Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.
ULTRAPAR PA-ADR (UGP): Free Stock Analysis Report
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Zacks Investment Research
Source: http://www.zacks.com/stock/news/106830/moving-average-crossover-alert-ultrapar-participacoes-sa-ugp
