TMCnet News
Downgrade Alert for UBS (UBS)Jan 25, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- UBS (NYSE:UBS) was downgraded from Buy to Hold at Societe Generale today. The stock closed yesterday at $17.40 on volume of 3.4 million shares, above average daily volume of 2.6 million. UBS has overhead space with shares priced $17.40, or 2.1% below the average consensus analyst price target of $17.78. The stock should discover initial support at its 50-day moving average (MA) of $16.16 and subsequent support at its 200-day MA of $13.06. 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. Over the past year, UBS has traded in a range of $9.78 to $17.53 and closed yesterday at $17.40, 78% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%. SmarTrend recommended that subscribers consider buying shares of UBS on August 22nd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.43. Since that recommendation, shares of UBS have risen 52.3%. 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 |