Bullish Trading Alert for UQM Technologies Inc. (UQM)
Published on 07/12/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- Today the stock price of UQM Technologies Inc. crossed above
the much followed 50-day moving average. The moving average crossover was accompanied by
heavier than normal volume of 564,316 shares. UQM Technologies Inc. settled the day
up $0.24(+6.59%) to $3.88. Today's trading range is between $3.74 and $4.19 respectively.
Traders and investors who follow the application of technical analysis will find that today's closing
price of $3.88 relative to the stock's moving average of $3.79 may signal a bullish trend.
Other relevant figures to examine are the support and resistance levels. Based on the pivot points, the current support
and resistance levels for UQM are 3.68 and 4.13 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.
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