UBS Bullish Moving Average Crossover Alert (UBS)

Published on Wed, 05/20/2015 - 11:04
By Mallory Stone in Moving average crossovers, ubs, moving crosses, nyse:ubs, ubs

UBS (NYSE:UBS) crossed over its 10-day moving average of $21.28 on a volume of 1.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of UBS have traded between a low of $15.04 and a high of $21.92 and are now at $21.88, which is 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.3%.

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 has overhead space with shares priced $21.88, or 3.0% below the average consensus analyst price target of $22.56. UBS shares have support at the 50-day moving average (MA) of $19.62 and additional support at the 200-day MA of $17.83.

By Mallory Stone
mstone@fnno.com

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