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United Parcel-B Crosses Below its 10-day MA (UPS)

By Shiri Gupta

United Parcel-B (NYSE:UPS) crossed under its 10-day moving average of $116.03 on a volume of 1.9 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, United Parcel-B has traded in a range of $89.89 to $123.63 and is now at $113.21, 26% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for United Parcel-B and will alert subscribers who have UPS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses united parcel-b

Ticker(s): UPS