TMCNet:  Upgrade Alert for Ultra Petroleum (UPL)

[April 02, 2013]

Upgrade Alert for Ultra Petroleum (UPL)

Apr 02, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Ultra Petroleum (NYSE:UPL) was upgraded from Hold to Buy at Brean Capital today. The stock closed yesterday at $19.76 on volume of 4.7 million shares, below average daily volume of 4.8 million. Ultra Petroleum Corp. is a natural gas exploration and production company focused on the Green River Basin of Wyoming in the United States. The Company also explores for oil and gas in China.


Based on a current price of $19.76, Ultra Petroleum is currently 2.3% above its average consensus analyst price target of $19.30. Ultra Petroleum shares should encounter resistance at the 200-day moving average (MA) of $20.59 and support at the 50-day MA of $18.23.

In the past 52 weeks, Ultra Petroleum share prices have been bracketed by a low of $15.26 and a high of $24.52 and closed yesterday at $19.76, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Ultra Petroleum on March 8th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.21. Since that recommendation, shares of Ultra Petroleum have risen 8.5%. We continue to monitor UPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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