TMCnet News
Downgrade Alert for UBS (UBS)May 22, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- UBS (NYSE:UBS) was downgraded from Market Perform to Underperform at Keefe Bruyette today. The stock closed yesterday at $18.42 on volume of 2.8 million shares, below average daily volume of 2.9 million. UBS (NYSE:UBS) has potential upside of 3.8% based on a current price of $18.42 and analysts' consensus price target of $19.13. The stock should find initial support at its 50-day moving average (MA) of $16.54 and further support at its 200-day MA of $15.04. 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 $18.71 and a 52-week low of $9.78 and closed yesterday at 88% above that low price at $18.42 per share. The 200-day and 50-day moving averages have moved 0.78% higher and 0.97% higher over the past week, respectively. SmarTrend recommended that subscribers consider buying shares of UBS on April 30th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.86. Since that recommendation, shares of UBS have risen 3.2%. We continue to monitor UBS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |