Bearish Moving Average Cross by United Parcel Service (UPS)
United Parcel Service (NYSE:UPS) crossed under its 10-day moving average of $109.15 on a volume of 255K 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.
United Parcel Service share prices have moved between a 52-week high of $111.83 and a 52-week low of $87.30 and are now trading 25% above that low price at $108.97 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
SmarTrend is monitoring the recent change of momentum in United Parcel Service. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of United Parcel Service in search of a potential trend change.
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