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Shares of UBS Have Risen Above Previous 52-Week High

Published on Wed, 08/14/2013 - 15:04
By Peter Chu

Shares of UBS (NYSE:UBS) traded at a new 52-week high today of $20.84. So far today approximately 1.2 million shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

Based on a current price of $20.75, UBS is currently 6.9% above its average consensus analyst price target of $19.31. The stock should discover initial support at its 50-day moving average (MA) of $18.32 and subsequent support at its 200-day MA of $16.84.

In the past 52 weeks, UBS share prices have been bracketed by a low of $10.69 and a high of $20.84 and are now at $20.75, 94% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.9%.

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.

By Peter Chu