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54.2% Return Seen to Date on SmarTrend Universal Forest Call (UFPI)

May 04, 2021 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified an Uptrend for Universal Forest (NASDAQ:UFPI) on December 15th, 2020 at $56.15. In approximately 5 months, Universal Forest has returned 54.21% as of today's recent price of $86.59.

Universal Forest share prices have moved between a 52-week high of $86.06 and a 52-week low of $33.79 and are now trading 153% above that low price at $85.44 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.3% while the 200-day MA has risen 1.5%.

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.

Write to SmarTrend at cs@mysmartrend.com

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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

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