United Parcel Service, Inc. Looks Bullish on Money Flow; UPS - Learning Markets
United Parcel Service, Inc. (UPS) lost some ground during trading yesterday, but it appears there is some bullish pressure building up in the background. Looking at yesterday's money flows, $11.77 million poured into the stock. $34.76 million flowed into the stock on uptick trades while only $22.99 million flowed in on downtick trades---giving UPS an up/down ratio of 151/100.
The question is, will UPS continue falling or will increasing bullish sentiment help turn things around and start pushing the stock price higher? UPS has lost 6.2% during the past month and is currently trading below its 20-day and 50-day moving averages but above its 200-day moving average.
United Parcel Service, Inc. (UPS) lost some ground during trading yesterday, but it appears there is some bullish pressure building up in the background. Looking at yesterday's money flows, $11.77 million poured into the stock. $34.76 million flowed into the stock on uptick trades while only $22.99 million flowed in on downtick trades---giving UPS an up/down ratio of 151/100.
The question is, will UPS continue falling or will increasing bullish sentiment help turn things around and start pushing the stock price higher? UPS has lost 6.2% during the past month and is currently trading below its 20-day and 50-day moving averages but above its 200-day moving average.
