United Parcel Service (UPS) Lifts Into Transport Leadership - Investopedia
United Parcel Service, Inc. has ascended to the top of the transportation sector leadership list, ending a long period of laggard behavior. While shipping rival FedEx Corporation has posted higher returns so far this year, UPS stock has the added distinction of breaking out above five-year resistance, predicting potent upside going forward. Conversely, FedEx stock is now trading just below tough resistance at the 2018 bull market high, raising the odds for a reversal.
Key Takeaways
United Parcel Service, Inc. has ascended to the top of the transportation sector leadership list, ending a long period of laggard behavior. While shipping rival FedEx Corporation has posted higher returns so far this year, UPS stock has the added distinction of breaking out above five-year resistance, predicting potent upside going forward. Conversely, FedEx stock is now trading just below tough resistance at the 2018 bull market high, raising the odds for a reversal.
Key Takeaways
- UPS stock broke out above five-year resistance in June.
- The stock is now the strongest component of the Dow Jones Transportation Average.
- Relative strength readings have reached extreme levels that raise the odds for a multi-week reversal.