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UPS Has a Bumpy Ride Ahead

2016-03-11 12:47:30| Trucking - Topix.net

Shares of United Parcel Service have rewarded owners with a big rally so far this year, but despite a number of fundamental positives, the rally is slowing and traders should be on alert for the possibility of a downward correction. In this short-term chart of UPS, above, we can see how UPS has rallied above the 50-day and the 200-day moving averages -- which is positive, but I need to point out two bearish divergences on the chart.

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