Stock in Focus: Universal Robina Corp. (URC)

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Universal Robina Corporation (stock symbol: URC) ends the week relatively unchanged after price plunged from the 120 area on Friday. The resilience of the 120 resistance shows bears remain in control of this stock. This stock continues to trade on average volume.

The Moving Average Convergence Divergence (MACD) indicator is supportive of the prevailing weakness and remains bearish.

TP’s Advice: Buyer’s must watch out: be careful.

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URC Daily chart, December 20

URC Daily chart, December 20

 

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