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United Parcel Service Crosses Above its 10-day MA (UPS)

By James Quinn

Today, shares of United Parcel Service (NYSE:UPS) have advanced above their 10-day MA of $106.75 on a volume of 243K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, United Parcel Service has traded in a range of $87.30 to $120.44 and is now at $106.87, 22% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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 3.4%. 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