UBS Shares Climbing Higher, Up 4.2%

Published on Tue, 04/16/2013 - 10:19
By Mallory Stone in Market movers, ubs, market movers, nyse:ubs, ubs

UBS (NYSE:UBS) is one of today's notable stocks on the rise, up 4.2% to $16.27. The Dow is up 0.5% to 14,670 and the S&P is currently up 0.5% to 1,561.

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.

UBS share prices have moved between a 52-week high of $17.66 and a 52-week low of $9.78 and are now trading 66% above that low price at $16.27 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has risen 0.5%.

Potential upside of 14.2% exists for UBS, based on a current level of $16.27 and analysts' average consensus price target of $18.59. The stock should discover initial support at its 50-day moving average (MA) of $16.01 and subsequent support at its 200-day MA of $14.19.

By Mallory Stone
mstone@fnno.com

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