In trading on Thursday, shares of Ultrapar Participacoes SA (Symbol: UGP) crossed below their 200 day moving average of $22.02, changing hands as low as $21.21 per share. Ultrapar Participacoes SA shares are currently trading off about 3% on the day. The chart below shows the one year performance of UGP shares, versus its 200 day moving average: Ultrapar Participacoes SA 200 Day Moving Average Chart

Looking at the chart above, UGP’s low point in its 52 week range is $18.38 per share, with $24.79 as the 52 week high point – that compares with a last trade of $21.92. According to the ETF Finder at ETF Channel, UGP makes up 8.39% of the iShares Emerging Markets Infrastructure ETF (Symbol: EMIF) which is trading lower by about 1% on the day Thursday.

Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source link