Stalk Candidate UEIC Update 8 April 2016

Universal Electronics [UEIC]

Weekly Chart

 

UEIC W Closing 8 April 2016

 

 

Daily Chart

UEIC D Closing 8 April 2016

 

 

Stats

Current Trend (W): Up

Abv/Below Value Zone: Above

Next Scheduled Report Date: 5 May 2016

52 Week High: $65.81

52 Week Low: $40.28

Current Relevant Resistance: $64.00

Current Relevant Support: $61.20
Recent Close: $62.18

Comment: UEIC is showing one of the best Bull Flag/Triangle patterns I’ve seen in a while.  Look for a convincing break of the descending trendline as a buy signal.  A strong break below the horizontal support line signals the pattern has failed and an exit is in order.

As always, whatever you do control your risk.

KIS,

The Trader

 

 

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