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The Latest UPS Headlines
United Parcel Service (UPS) Lifts Into Transport Leadership
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<blockquote data-quote="cheryl" data-source="post: 4629153" data-attributes="member: 1"><p><a href="https://www.investopedia.com/united-parcel-service-ups-lifts-into-transport-leadership-5079821" target="_blank"><strong>United Parcel Service (UPS) Lifts Into Transport Leadership - Investopedia</strong></a></p><p></p><p>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.</p><p></p><p><strong> Key Takeaways</strong></p><ul> <li data-xf-list-type="ul">UPS stock broke out above five-year resistance in June.</li> <li data-xf-list-type="ul">The stock is now the strongest component of the Dow Jones Transportation Average.</li> <li data-xf-list-type="ul">Relative strength readings have reached extreme levels that raise the odds for a multi-week reversal.</li> </ul><p>Both companies can thank Amazon.com, Inc. and the pandemic for their improved fortunes. In April, the <a href="https://www.investopedia.com/terms/e/ecommerce.asp" target="_blank">e-commerce</a> giant chose to delay the buildout of an in-house delivery initiative in order to focus resources on its rising market share. The shippers rallied strongly on the news while also benefiting from higher volumes as a result of the pandemic-driven acceleration out of brick-and-mortar sales.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4629153, member: 1"] [URL='https://www.investopedia.com/united-parcel-service-ups-lifts-into-transport-leadership-5079821'][B]United Parcel Service (UPS) Lifts Into Transport Leadership - Investopedia[/B][/URL] 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. [B] Key Takeaways[/B] [LIST] [*]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. [/LIST] Both companies can thank Amazon.com, Inc. and the pandemic for their improved fortunes. In April, the [URL='https://www.investopedia.com/terms/e/ecommerce.asp']e-commerce[/URL] giant chose to delay the buildout of an in-house delivery initiative in order to focus resources on its rising market share. The shippers rallied strongly on the news while also benefiting from higher volumes as a result of the pandemic-driven acceleration out of brick-and-mortar sales. [/QUOTE]
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