Ultra Petroleum Rises 2.48% on Heavy Volume: Watch For Potential Pullback
TMCnet - World's Largest Communications and Technology Community
New Coverage :  Asterisk  |  Call Recording  |  SIP Trunking  |  Fax Software  |  Load Balancer  |  PBX  |  SIP Phones  |  Small Cells
Webinars
Channels by Topic
Share
 
| More
RSS-XML alerts
Print this page
E-mail this page to a friend
TMCnews
[February 14, 2012]

Ultra Petroleum Rises 2.48% on Heavy Volume: Watch For Potential Pullback

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- Ultra Petroleum (NYSE:UPL) traded in a range yesterday that spanned from a low of $23.89 to a high of $24.88. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $24.21 on volume of 4.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


SmarTrend recommended that its subscribers protect gains by selling shares of Ultra Petroleum on December 14th, 2011 by issuing a Downtrend alert when the shares were trading at $30.08. Since that call, shares of Ultra Petroleum have fallen 21.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Ultra Petroleum share prices have been bracketed by a low of $23.09 and a high of $51.20 and are now at $24.35, 5% above that low price. The 200-day and 50-day moving averages have moved 1.01% lower and 2.13% lower over the past week, respectively.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

[ Back To TMCnet.com's Homepage ]

Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
Featured White Papers
Featured White Paper RSS feed
Human Capital Asset Management and Workforce Optimization
Mobile Bill Shock: Leveraging FCCRegulations to Enhance the Subscriber Experience and Create Stronger Subscriber Loyalty
WiMAX Business Deployment Guide: Portability, not mobility, may be what makes WiMAX an attractive option for your current business broadband needs
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
Belden Adds a Network TAP to its Hirschmann Product Range
Swedish Call Center Drives Revenue Growth with New Cloud-based …
Important Conference Helps Organizations Choose the Right Outsourcing …
Baltic Nations Continue to be Desired Destinations for Call Center …
Talkdesk Launches New Call Center Service, Free of Hassle
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
TMCnet VoIP Routers Week in Review
TMCnet Next Generation Communications Week in Review
Alcatel's AppGlide Provides Holistic View of the End-user Online Video Experience
Tekelec Adds Ten More DSR Clients
Alcatel-Lucent Goes on Tour
blog comments powered by Disqus

Upcoming Events

ITEXPO West 2012
October 2- 5, 2012
The Austin Convention Center
Austin, Texas
Mobility Tech Conference & Expo
October 3- 5, 2012
The Austin Convention Center
Austin, Texas
MSPAlliance MSPWorld™
October 3- 5, 2012
The Austin Convention Center
Austin, Texas

DevCon5
DevCon5 provides you with the information and tools you need to exploit the capabilities of revolutionary HTML5 technology
View all >>
Subscribe FREE to all of TMC's monthly magazines. Click here now.