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Watch for United Parcel-B to Potentially Pullback After Gaining 1.05% Yesterday

By James Quinn

United Parcel-B (NYSE:UPS) traded in a range yesterday that spanned from a low of $108.16 to a high of $109.39. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $108.34 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.

In the past 52 weeks, United Parcel-B share prices have been bracketed by a low of $101.45 and a high of $135.53 and are now at $108.44, 7% above that low price. Over the last five market days, 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-B on January 30th, 2018 by issuing a Downtrend alert when the shares were trading at $129.42. Since that call, shares of United Parcel-B have fallen 17.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders united parcel-b

Ticker(s): UPS