UPS had a monster rally in July after shifting to next-day delivery services. That business line continued to grow 24 percent last quarter, although the stock fell on weak profit and the retirement of Chief Operating Officer Jim Barber.
UPS has also struggled with
UPS is also holding its 50-day simple moving average. That could give buyers a potential line to cut losses, but with a lot more space to the upside if they're targeting the highs from early 2018.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.