UFPI Makes Notable Cross Below Critical Moving Average

In trading on Wednesday, shares of Universal Forest Products Inc. ( UFPI) crossed below their 200 day moving average of $39.20, changing hands as low as $39.10 per share. Universal Forest Products Inc. shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of UFPI shares, versus its 200 day moving average:

Click here to find out which 9 other stocks recently crossed below their 200 day moving average »

Universal Forest Products Inc. 200 Day Moving Average Chart

Looking at the chart above, UFPI's low point in its 52 week range is $30.76 per share, with $45.60 as the 52 week high point — that compares with a last trade of $39.37.

According to the ETF Finder at ETF Channel, UFPI makes up 1.18% of the iShares U.S. Home Construction ETF ( ITB) which is trading lower by about 1.8% on the day Wednesday.

If you liked this article you might like

Basic Materials Basically Are a Good Place to Be

Cash Flow Is a Company's Life Blood: These 6 Stocks Fit the Bill

2 Undervalued Stocks That Will Bounce Back in 2017

Timber-r-r-r ... Lumber Plays Getting Felled

Commodities Rebound May Get a Better Bounce Off Trading Floor