After Yesterday's Rally of 1.53% Shares Could Potentially Pullback
United Parcel Service (NYSE:UPS) traded in a range yesterday that spanned from a low of $105.31 to a high of $106.70. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $105.06 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
United Parcel Service share prices have moved between a 52-week high of $107.32 and a 52-week low of $87.30 and are now trading 22% above that low price at $106.66 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
SmarTrend is monitoring the recent change of momentum in United Parcel Service. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of United Parcel Service in search of a potential trend change.
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