UGI Corp. (NYSE: UGI) shares rose in value Monday Nov 14 with heavier trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Meanwhile as investors continued to try and decipher policy proposals of President-elect Donald Trump’s administration, the Dow Jones Industrial Average DJIA, +0.11% rose 21.03 points, or 0.1%, to finish at 18,868.69, its third straight record close.
The blue-chip index had also touched a historic high of 18,934.05 during the session.
The S&P 500 index SPX, -0.01% fell 0.25 points to end at 2,164.20, and the Nasdaq Composite COMP, -0.36% dropped 18.72 points, or 0.4%, to close at 5,218.40.
Analysts at Janney Montgomery Scott upgraded shares of UGI Corp. (NYSE: UGI) from Neutral to Buy today. With a rating of Buy on the stock, the company has a 52-week high of $48.13. As a means of comparison, a number of other analysts have commented on the company recently, and the company has secured a consensus one-year price target of $44.40, higher than the opening price of $42.52, a difference of 10.28 percent. Share prices sometimes get a jump to the upside when analysts upgrade a stock.
Shares of UGI Corp. (NYSE: UGI) opened at $42.52 on Monday trading between $42.52 and $43.22, and last traded at $43.19, which is a spike of $0.88 or 2.08% from the previous closing price.
UGI Corp. (NYSE: UGI) now has a market cap of 7.48B.
UGI Corp. (NYSE: UGI) Average Daily Trading Volume
1,157,622 shares traded hands yesterday, above the norm, out of a total float 153,570,000. Significant expansions in trading volume and price inflation together could indicate excessive volume aggregation by institutional investors.
While increased trading for one day will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks delivers a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have substantial teams of analysts that research thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.
UGI Corp. (NYSE: UGI) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By tracking the activity of these professional investors—and the moving averages they influence—it allows for traders to make more impactful choices on trades.
With that in mind, UGI Corp. (NYSE: UGI) now has a 50-day MA of $44.83 and 200-day MA of $44.44. It has traded in a 52-week range between $31.51 – 48.13 and today’s last price is 10.26%% lower than the 52 week high of $48.13.
Earnings growth is a critical factor to look at when buying stocks and investors identify companies that have raised their earnings at least 25% or more over the past 3 years.
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