UPAB trade ideas
UPS nearing ATHWe're finally back at the top of the range. I'd expect some profit-taking near ATH, so watch for consolidation before another try at ATH. We'll see on Monday how it'll react to that resistance. The weekly chart looks really strong though, so I'd like it to get near ATH and retrace for an entry.
UPS (NYSE) - Be Calm and Do actionGreetings
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UPS (NYSE) - Be Calm and Do action
NYSE: UPS 23 FEB 2021, ALL TIME HIGH, DONT PUSH YOUR LUCKthis is a tricky condition, it still trying to surpass the resistance at 162.67, i wont push my luck
so i'm wating for bounching at 162.67
when it happen, short for that one,
have a nice trading.
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
UPS Entry & Long Target - Trading StrategyUPS is a terrific company that provides a valuable service. Currently the P/E ratio is very high, and with current earnings it is tough to justify this in a portfolio as an aggressive strategy. With that said, as outlined within the chart - if price offers confirmation off S1 we will find a nice entry to target the top of the wedge following that.
Keep in mind this is a terrific investment looking out long term. As outlined in two publications, they have now sold the Freight Division for $800 million and will be concentrating efforts on the legacy parcel division which is the most profitable, undertaking a "better rather than bigger" strategy.
I wish nothing but the best for this incredible company and offer the following two sources for those interested in reading about the selling the LTL division to TFI International:
“We see compelling opportunities to improve yield, efficiency, and...productivity, both near and long-term,” TFI Chairman and Chief Executive Officer Alain Bédard said in a Monday call with analysts.
"The acquisition caps a dramatic period of growth for TFI that has seen the business buy dozens of companies. Many were small operators, but the deals also include the 2016 acquisition of XPO Logistics Inc.’s truckload division, and the purchases of trucker Vitran Corp. and of truckload carrier Transport America Inc. in 2014.
Mr. Bédard said the truckload business at UPS Freight, which makes up about 10% of the unit‘s revenue, will be blended into TFI’s existing truckload operations while the main LTL segment, including 147 terminals and 50 leased sites, will operate on its own."
blog.translogisticsinc.com
www.wsj.com
$UPS with a neutral outlook following its earnings #BeststocksThe PEAD projected a neutral outlook for $UPS following a positive over reaction after its earnings releasing placing the stock in Drift B
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UPS looks to be continuing its downtrendUPS closed under the 150day and is below a big point of control. Pretty low volume on the way down so I think it has a shot at falling to the 200day around 140. I'd like to see the ChiOsc reach >= -5.7M for a big downside move. These levels need to hold for a shot at a reversal.
$UPS SHORT DOWNSIDE TARGETS!Whats up guys!
Here are my thoughts on $UPS.
Looking at the 4hr chart, we see price bouncing off the $155 support level many times.
Price is trading below the 20, 9, and 200day moving averages which is bearish.
If you look Left you can see a big gap that $UPS has potential to fill and those are my potential targets.
Thank you for stopping by and happy trading!
-DP