UNITED PARCEL SERVICE
(UPS-NYSE):
Technical Viewpoint: From a low
of $55.00 on Apr 14, 2000 prices
rallied, reaching a
high of $66.94
on May 1, 2000. A
decline saw prices pull back, reaching a
low of
$56 3/4 on May 26, 2000.
Another rally saw prices penetrate
resistance, closing 6/22/00
at $62.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 16, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $58 3/4. Resistance: Is at $64.00.
Point & Figure: Reversed to the upside on Jun 13, 2000. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! United Parcel Service
(UPS-NYSE) @ $63 1/8 Stop: Use a protective stop of $60 1/2.
United Parcel Service is currently trading @ $62.94 plus $1.19 on Jun 22, 2000. Price Objective:
$79.00. Risk/Reward: $2 5/8 VS. $15 7/8. Today's Risk Reward Ratio: 6:1
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