Stock in Focus: Union Bank of the Phils. (UBP)

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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? :)

Philippine Stock Exchange_UBP Daily chart, February 14, 2014

UBP Daily chart, February 14, 2014

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!

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