UMS (technical)

UMS: technical alert. UMS gapped up today, accompanied by a volume breakout. On Balance Volume (OBV) indicator shows a sharp spike, suggesting accumulation. RSI and Stochastics also rising steadily. Further positive that share price has emerged above the 200day MA. Watch for break of the $0.42 resistance, which could pave the way for a test of next resistance at $0.46. Clear support level at $0.375. Bloomberg data shows UMS offers 9.3% current yield. The stock could see a rerating given the recent positive momentum behind the high yielding REITs, and blue chips.