Ultra Petroleum (NYSE:UPL) upgraded to Neutral from Underperform at Credit Suisse. The stock closed yesterday at $48.96 on volume of 1,399,300 shares, below average daily volume of 1,712,213.
Ultra Petroleum is currently above its 50-day moving average of $46.97 and above its 200-day moving average of $41.20.
SmarTrend is bullish on shares of UPL and our subscribers received an Uptrend alert on July 15, 2009 at $39.71, which has returned 23.3% to date.
Write to Chip Brian at cbrian@tradethetrend.com
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