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After Yesterday's Rally of 1.15% Shares Could Potentially Pullback

By Nick Russo

United Parcel-B (NYSE:UPS) traded in a range yesterday that spanned from a low of $94.51 to a high of $95.15. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $94.98 on volume of 859,000 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 $82.00 and a high of $125.30 and are now at $94.99, 16% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in United Parcel-B. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of United Parcel-B in search of a potential trend change.

Keywords: rebounders united parcel-b

Ticker(s): UPS