The bearish DailyPlay we chose for Thursday, Jan 17th is UPS (UPS). UPS is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 1.00% move higher but its 6m trend has turned bearish on 10/10 and recently bounced lower off its $68 resistance level.
UPS’s 1m and 6m trends turned bearish on 12/4 and recently bounced lower off its $100 resistance level. With a technical score of 6 (out of 10), UPS is a neutral stock that is starting to turn lower.
As a stop loss, if UPS was to trade above $100 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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