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United Parcel Service Bearish Moving Average Crossover Alert (UPS)

By Amy Schwartz

Today, shares of United Parcel Service (NYSE:UPS) have crossed bearishly below their 10-day moving average of $106.04 on a volume of 353K 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.

In the past 52 weeks, shares of United Parcel Service have traded between a low of $87.30 and a high of $120.44 and are now at $105.76, which is 21% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0.49% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of United Parcel Service on January 31st, 2017 by issuing a Downtrend alert when the shares were trading at $110.24. Since that call, shares of United Parcel Service have fallen 3.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses united parcel service

Ticker(s): UPS