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The Latest UPS Headlines
United Parcel Service Shares Still Face Stiff Technical Hurdles
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<blockquote data-quote="cheryl" data-source="post: 669165" data-attributes="member: 1"><p><strong>United Parcel Service Shares Still Face Stiff Technical Hurdles - Schaeffers Research</strong></p><p></p><p>UPS shares cleared a key technical hurdle on Friday, breaking out above the round-number 60 level in the wake of the company's improved guidance. The 60 region had provided a ceiling for the equity since early October, and could now provide technical support.</p><p></p><p>However, UPS is still staring up at its 150-day moving average (at 62.57), a trendline that has capped the security since November 2007. What's more, the 63 region, which rests just above UPS, is home to a 61.8% Fibonacci retracement level. Clearly, the stock is far from being out of the woods from a technical perspective.</p></blockquote><p></p>
[QUOTE="cheryl, post: 669165, member: 1"] [B]United Parcel Service Shares Still Face Stiff Technical Hurdles - Schaeffers Research[/B] UPS shares cleared a key technical hurdle on Friday, breaking out above the round-number 60 level in the wake of the company's improved guidance. The 60 region had provided a ceiling for the equity since early October, and could now provide technical support. However, UPS is still staring up at its 150-day moving average (at 62.57), a trendline that has capped the security since November 2007. What's more, the 63 region, which rests just above UPS, is home to a 61.8% Fibonacci retracement level. Clearly, the stock is far from being out of the woods from a technical perspective. [/QUOTE]
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