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

By David Diaz

Today, shares of United Parcel-B (NYSE:UPS) have crossed bearishly below their 10-day moving average of $119.61 on a volume of 275K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

United Parcel-B share prices have moved between a 52-week high of $135.53 and a 52-week low of $101.45 and are now trading 18% above that low price at $119.41 per share. The 200-day and 50-day moving averages have moved 0.02% higher and 0.34% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of United Parcel-B on July 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.71. Since that recommendation, shares of United Parcel-B have risen 9.2%. 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