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United Parcel-B Falls 1.29% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

United Parcel-B (NYSE:UPS) traded in a range yesterday that spanned from a low of $115.72 to a high of $117.15. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $118.15 on volume of 168,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, United Parcel-B has traded in a range of $89.89 to $125.30 and is now at $116.70, 30% above that low. Over the past week, the 200-day moving average (MA) has remained constant 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: rebounders united parcel-b

Ticker(s): UPS