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Can Ultrapar Participacoes (UGP) Continue to Rise?

Zacks Equity Research

Although Ultrapar Participacoes SA (UGP) is up over 14.5% in the past four weeks, investors may be concerned. After all, UGP is now in overbought territory, at least when looking at its RSI value of 72.0. If that wasn’t enough, investors should also note that Ultrapar Participacoes possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in UGP shares before too long.

ULTRAPAR PARTICPACOES SA (UGP): Free Stock Analysis Report

Zacks Investment Research