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Bearish Moving Average Cross by United Parcel-B (UPS)

By Amy Schwartz

Today, shares of United Parcel-B (NYSE:UPS) have crossed bearishly below their 10-day moving average of $109.04 on a volume of 929K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, United Parcel-B share prices have been bracketed by a low of $89.89 and a high of $125.09 and are now at $107.50, 20% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of United Parcel-B on December 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $97.48. Since that recommendation, shares of United Parcel-B have risen 13.2%. We continue to monitor UPS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses united parcel-b

Ticker(s): UPS