UPS trade ideas
UPSThis stock has been on an uptrend for a couple years and constantly breaking new highs, it has finally pulled back a large amount and could be preparing to make a new all time high. It could reach resistance then fly up.
Next stop for UPS is 120UPS is in an uptrend since the beginning of May. It should continue higher towards 120 and maybe reach 127.
UPS - making the correction waveThe UPS stock seems it reached it's peak price mid January 2018. Now it is the correction phase. From technical indicators; RSI, Momentum & MACD showing a slow down in price movement. Expect down trend in the coming weeks. First Target to 105
Here's when I'll buy UPSI've wanted in UPS for a while but refused to chase the move higher. Now that we're getting some weakness, I'm eyeing this name for a long-term investment. I'll be a buyer on a test of the breakout level/50% retracement at $86.5. Shorter-term, I expect continued weakness, so there's no need to rush in to this one!
update on upsvery tight in here on the daily chart today but, ended with a green hammer. Can we see some action before Good Friday? I would like to see something that would be something to talk about
UPSCan UPS pull through? Ended with a daily hammer still being a pig. I like FedEx more Go check that out!
Bounce off $108 resistance, targets $104 supportReally clean bounce lower off $108 resistance level suggests continuation lower towards the $104 support level. Use options to limit your risk by using puts and put verticals.
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soo many reasons $UPS ripe at these levels.1.) Sitting on long term trend #support which led uptrend since 09'.
2.) stock is down 24% in a month???
3.) Gap lower could get filled and set-up a right shoulder of a #HeadnShoulderpattern
4.) well ok I gave u 2 in 3.
UPS Oversold with Structure Support Possible 6-11% OpptyUnited Parcel Service UPS is oversold and extended below the moving averages. Buying opportunity with a possible 6-11% targets.
Keep an eye on UPS for a bullish playUPS is trading right down to the 200 day SMA on the daily time frame. Look to play the bounce on shorter term trades.
I am looking to go long after we consolidate a week or two between the $112-$113 area with some longer term options.
Here is the weekly chart below. The 100 day SMA is also approaching the green box :)
If the trade doesn't work off the 100 day SMA, I will try the 200 day SMA on the weekly time frame.
UPS- Clsoing PostionWill close position tomorrow before close due to FDX earnings report after close. +3% profit
UPS- WatchlistWaiting for UPS to reclaim above 50MA on weekly. Stop $102, target $122
+13% potential profit. Loss -5%
