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TMCNet:  Shares of UPL Down 14.7% Since Downtrend Call on Shares

[January 01, 2013]

Shares of UPL Down 14.7% Since Downtrend Call on Shares

Jan 01, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Ultra Petroleum (NYSE:UPL) on November 15th, 2012 at $21.27. In approximately 2 months, Ultra Petroleum has returned 14.74% as of today's recent price of $18.13.

In the past 52 weeks, Ultra Petroleum share prices have been bracketed by a low of $17.58 and a high of $30.66 and are now at $18.13, 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.4%.

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.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Ultra Petroleum.

Log in and add Ultra Petroleum (UPL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

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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