UNITED PARCEL SERVICE
(UPS-NYSE):
Technical Viewpoint: From a low
of $54.25 on Jan 2, 2002 prices
rallied, reaching a
high of $57.50
on Jan 31, 2002. A
decline saw prices pull back, reaching a
low of
$55.53 on Feb 7, 2002.
Another rally saw prices penetrate
resistance, closing 2/26/02
at $58.31. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Feb 25, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $57.00. Resistance: Is at $60.00.
Point & Figure: Reversed to the upside on Feb 26, 2002. A P&F upside
reversal takes place at $56.50. Summary: Technical indicators have turned bullish. BUY! UNITED PARCEL SERVICE
(UPS-NYSE) @ $58.50 Stop: Use a protective stop of $55.75.
UNITED PARCEL SERVICE is currently trading @ $58.31 plus $1.21 on Feb 26, 2002. Price Objective:
$70.50. Risk/Reward: $2.75 VS. $12.00. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$70.50
Risk/Reward:
$2.75 VS. $12.00
Risk/Reward Ratio:
4:1
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