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Ultra Petroleum Corp. (UPL) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 20 Oct 2017NoneDojiFri, 13 Oct 2017-0.86%
***Stock database and scans are updated around midnight (New York time) every trading day.
8.00 0.00 (0%) Oct 23 4:00pm EDT
Open: 8.12 Range: 7.98 - 8.19 Vol: 1.47M Avg Vol: 2.3M
EPS: 4.46 P/E ratio: 1.80 EBITDA: 551.97M Mkt Cap: 1.45B
Analyze "UPL" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 8.09
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 8.35
Last Trade is below the 50 day moving average at 8.31
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 6.71
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of UPL

Stock Trend Analysis - Buy, Sell or Hold "Ultra Petroleum Corp." (UPL)?

UPL is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 51% of the time spent trading above the 200 day moving average. The medium term trend for UPL is extremely bearish and weak, having traded almost 84% of the time below the 50 day moving average. The 20 day moving average however has been in a trading range with a slight bullish bias. The bearish bias of UPL's 50 SMA is of concern, which may be an early indication of weakness which starts off a trend reversal. Objectively however, the high probability trade is to still buy dips but very selectively at strong support areas like the 200 SMA at 6.71. Also awaiting price and moving average confirmation before scaling into a position is the prudent strategy to adopt. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "UPL".

The analyst consensus estimates for the 1 year price target for this stock is $14.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 20 Oct 2017
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