United Parcel (UPS) – Trade War Headwinds – July 19th, 2019
Bearish – UPS $102.80 – Industrial
The bullish DailyPlay we chose for Friday, July 19th is United Parcel (UPS). UPS is part of the Industrial Sector (XLI). XLI has rallied 0.55% higher over the past month and its 1m trend turned neutral yesterday while breaking below its 20D.
United Parcel’s 1m and 6m trend turned neutral yesterday and recently broke below its 20D SMA. With a technical score of 5 (out of 10), UPS is a neutral stock that is starting to turn lower.
As a stop loss, if UPS was to trade above $150 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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