FedEx Rival UPS Could Continue to Forge Its Own Way to the Upside

Discussion in 'The Latest UPS Headlines' started by cheryl, Sep 18, 2019.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx Rival UPS Could Continue to Forge Its Own Way to the Upside - Real Money

    The charts of UPS and rival FedEx are quite different, with the former's technical signals indicating it could head higher.

    United Parcel Service Inc. was trading weaker Wednesday morning after rival FedEx Corp. sets profit guidance below expectations Tuesday night. The charts of the two shippers are quite different, so let's take a few minutes to check out UPS.

    In this daily bar chart of UPS, below, we can see a possible base pattern the past 12 months. We have a low in December and a retest or second bottom in late May. Prices broke out above the April highs in July and retested the breakout in August. UPS is above the rising 50-day moving average line and the rising 200-day line. A bullish golden cross of these two popular moving averages can be seen in early August.