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Upgrade Alert for Ultra Petroleum (UPL)
[April 02, 2013]

Upgrade Alert for Ultra Petroleum (UPL)

Apr 02, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Ultra Petroleum (NYSE:UPL) was upgraded from Hold to Buy at Brean Capital today. The stock closed yesterday at $19.76 on volume of 4.7 million shares, below average daily volume of 4.8 million. Ultra Petroleum Corp. is a natural gas exploration and production company focused on the Green River Basin of Wyoming in the United States. The Company also explores for oil and gas in China.

Based on a current price of $19.76, Ultra Petroleum is currently 2.3% above its average consensus analyst price target of $19.30. Ultra Petroleum shares should encounter resistance at the 200-day moving average (MA) of $20.59 and support at the 50-day MA of $18.23.

In the past 52 weeks, Ultra Petroleum share prices have been bracketed by a low of $15.26 and a high of $24.52 and closed yesterday at $19.76, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Ultra Petroleum on March 8th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.21. Since that recommendation, shares of Ultra Petroleum have risen 8.5%. We continue to monitor UPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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