Union Bank of the Philippines (stock symbol: UBP) has displayed very boring price action and traded flat just above the 125 level since September. For Pete’s sake, wake up, will ya?
The 14-month low lies at 110, while the May 2013 all-time (double top) high is at 160. Meanwhile, the MACD Oscillator (MACD-O) has stayed flat for an extended period of time just like the stock.
My question is, how will it react when it reaches the 140-150 area (assuming it will advance in the coming weeks)?
TP’s Advice: Avoid this stock for now. Wait for improved activity, or choose other active stocks.
Do you have UBP in your portfolio? Share your thoughts below!