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11.3% Return Seen to Date on SmarTrend Universal Forest Call (UFPI)

Aug 13, 2019 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified an Uptrend for Universal Forest (NASDAQ:UFPI) on June 7th, 2019 at $35.95. In approximately 2 months, Universal Forest has returned 11.27% as of today's recent price of $40.00.

Universal Forest share prices have moved between a 52-week high of $42.00 and a 52-week low of $24.14 and are now trading 66% above that low price at $40.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.5%.

Universal Forest Products, Inc. engineers, manufactures, treats, and distributes lumber products for the do-it-yourself (DIY), manufactured housing, industrial and site-built construction markets. The company distributes its products through home-center retailers, retail and contractor-oriented regional lumberyards, and to builders and modular-home contractors.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Universal Forest shares.Log in and add Universal Forest (UFPI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

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