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Mitsubishi UFJ Financial Group Shares Up 20.8% Since SmarTrend's Buy Recommendation (MTU)
Mar 04, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Mitsubishi UFJ Financial Group (NYSE:MTU) on June 29th, 2012 at $4.72. In approximately 8 months, Mitsubishi UFJ Financial Group has returned 20.76% as of today's recent price of $5.70.
In the past 52 weeks, shares of Mitsubishi UFJ Financial Group have traded between a low of $4.16 and a high of $5.83 and are now at $5.68, which is 37% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.8%.
Mitsubishi UFJ Financial Group, Inc. (MUFG) is a holding company established through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings. As a financial group, the Company provides a variety of financial and investment services including commercial banking, trust banking, international finance, and assets management services.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Mitsubishi UFJ Financial Group shares.Log in and add Mitsubishi UFJ Financial Group (MTU) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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