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

By James Quinn

United Parcel-B (NYSE:UPS) shares have crossed bullishly above their 10-day moving average of $115.51 on a volume of 434K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, United Parcel-B has traded in a range of $89.89 to $125.09 and is now at $115.99, 29% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of United Parcel-B on June 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $100.60. Since that recommendation, shares of United Parcel-B have risen 14.4%. 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