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Is UGP showing upside potential? New 52 Week Closing High shows up after gaining 0.16%
On Friday, July 17th, UGP moved up 0.16% while volume shrunk to 0.5× the usual levels. The session formed a New 52 Week Closing High, often signaling a possible continuation. Key support levels exist at 6.18, 6.11 & 6.06, with resistance at 6.3, 6.35 & 6.42. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of UGP: A
There’s more where that came from. See all of today’s signals for UGP here.
Read full article here »