UTi Worldwide Inc. (UTIW) Stock Rallies Above the 50-Day Moving Average
Published on 07/26/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- Shares of UTi Worldwide Inc. closed above the 50-day moving average of $13.85.
When analyzing trading patterns, technical analysts and investors will view this development as a sign of strength.
There are key data indicators that may be examined in order to determine where this stock is headed. For instance,
the price when compared to the moving average can be used as an indicator to determine the trend.
Today's closing price indicates that UTIW may head higher in the foreseeable future assuming the moving average continues
to increase. On the volume side, 817,860 shares exchanged hands versus the average volume of 532,141.
The intraday price range is between $13.78 - $14.34 and the stock's 52 week low is 11.7 and the high is 17.59.
Other relevant figures to examine are the support and resistance levels for UTIW. UTi Worldwide Inc. settled at $14.34 $0.53(+3.84%),
based on the pivot points, the current support and resistance levels are 13.96 and 14.52 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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