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United Parcel-B Rises 1.15% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

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.

United Parcel-B share prices have moved between a 52-week high of $125.30 and a 52-week low of $82.00 and are now trading 16% above that low price at $94.99 per share. 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