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brianweber

Keep an eye on UPS for a bullish play

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United Parcel Service, Inc. (NYSE:UPS)  
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NYSE:UPS   United Parcel Service, Inc.
Trend Analysis Chart Patterns brianweber swingtrading options buylowsellhigh Technical Analysis
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UPS is trading right down to the 200 day SMA on the daily time frame. Look to play the bounce on shorter term trades.

I am looking to go long after we consolidate a week or two between the $112-$113 area with some longer term options.

Here is the weekly chart below. The 100 day SMA is also approaching the green box :)

snapshot

If the trade doesn't work off the 100 day SMA, I will try the 200 day SMA on the weekly time frame.
Komen:
Will continue to watch for a bounce off the 100 day SMA on weekly time frame. If not, we are probably going back to the 200 day SMA on weekly time frame or the support at $102.62.
Komen:
Should have played a bracket trade on February 7th's candle :D
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