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.
