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Upgrade Alert for Mitsubishi UFJ Financial Group (MTU)May 21, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Mitsubishi UFJ Financial Group (NYSE:MTU) was upgraded from Sell to Neutral at UBS today. The stock closed yesterday at $6.84 on volume of 3.5 million shares, below average daily volume of 4.5 million. There is potential upside of 1.2% for shares of Mitsubishi UFJ Financial Group based on a current price of $6.84 and an average consensus analyst price target of $6.92. Mitsubishi UFJ Financial Group shares have support at the 50-day moving average (MA) of $6.48 and additional support at the 200-day MA of $5.32. In the past 52 weeks, shares of Mitsubishi UFJ Financial Group have traded between a low of $4.16 and a high of $7.31 and closed yesterday at $6.84, which is 64% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.1%. Mitsubishi UFJ Financial Group, Inc. (MUFG) is a holding company established through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings. As a financial group, the Company provides a variety of financial and investment services including commercial banking, trust banking, international finance, and assets management services. SmarTrend recommended that subscribers consider buying shares of Mitsubishi UFJ Financial Group on June 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.72. Since that recommendation, shares of Mitsubishi UFJ Financial Group have risen 44.9%. We continue to monitor MTU 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 |