Bearish Moving Average Cross by United Parcel Service (UPS)
Today, shares of United Parcel Service (NYSE:UPS) have fallen below their 10-day MA of $110.12 on a volume of 405K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of United Parcel Service have traded between a low of $87.30 and a high of $111.83 and are now at $109.91, which is 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of United Parcel Service on June 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.60. Since that recommendation, shares of United Parcel Service have risen 5.7%. 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 service