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Is UPS setting up for a drop? Stochastic Reached Oversold shows up after climbing 1.24%
On Friday, August 7th, UPS moved up 1.24% while volume was to 0.9× the usual levels. Stochastic Reached Oversold was spotted, which could indicate a shift in momentum. Key support levels exist at 102.86, 101.25 & 100.05, with resistance at 105.67, 106.87 & 108.48. Meanwhile, Slow Stochastic is showing oversold conditions.
Current SwingTradeBot Technical Rating of UPS: C
There’s more where that came from. See all of today’s signals for UPS here.
Read full article here »