Watch for Continued Gains in Shares of UGI (UGI)

Published on Fri, 04/19/2013 - 14:18
By Adrienne Chilton in 52 Week high-lows, UGI, 52 week high/lows, nyse:ugi, ugi

UGI (NYSE:UGI) traded today at a new 52-week high of $41.07. So far today approximately 499,000 shares have been exchanged, as compared to an average 30-day volume of 513,000 shares.

UGI Corporation distributes and markets energy products and services. The Company is a domestic and international distributor of propane. UGI also distributes and markets natural gas and electricity, and sells related products and services in the Middle Atlantic region of the United States.

Potential upside of 0.3% exists for UGI, based on a current level of $40.87 and analysts' average consensus price target of $41.00. The stock should discover initial support at its 50-day moving average (MA) of $37.22 and subsequent support at its 200-day MA of $33.25.

Over the past year, UGI has traded in a range of $26.30 to $41.07 and is now at $40.87, 55% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.9%.

By Adrienne Chilton
achilton@fnno.com

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