Growing Cautious on UPS
The powerful run that United Parcel Service (UPS) has had since its New Year's Eve lows has pushed the stock into overbought territory.
Including today's 1.75% jump, shares are up over 10% from the Dec. 31 lows. The rally began with a huge gap-higher open on Jan. 2 that propelled shares to a 3.5% gain. On the bell, UPS had taken out the December highs and was back above a very heavy 200-day moving average. The continuing rally has been impressive, but I expect a pullback soon....179 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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