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Stock Market & Financial Investment News

News Breaks
July 28, 2014
13:00 EDTUPSUPS technical commentary ahead of earnings
The shares have performed roughly in line with the broader averages in the last three months. In terms of trading range, it has been quite narrow with the exception of a dip in early May. The majority of the range has been bound by $100 at the low and $104.50 at the high. Those two bounds then give us a good sense of what would be bearish or bullish price reactions. If the shares break out of the top of the range on better news, it would resolve the prior price congestion bullishly. In that event resistance would be at $105.37, the 52-week high and life high. Without additional overhead resistance a run to $110 might be possible. If the news disappoints and the low at $100 is broken to the downside, next support would be at $95.23. Additional supports which could become downside objectives would be at $91, and $88.34 on an extreme move. A move below $100 would break the long-term uptrend that has been in place since January 2013.
News For UPS From The Last 14 Days
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April 27, 2015
15:04 EDTUPSNotable companies reporting before tomorrow's open
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14:18 EDTUPSUPS May weekly volatility elevated into Q1 and outlook
UPS May weekly call option implied volatility is at 34, May is at 17, June is at 15, July is at 14; compare to its 26-week average of 16 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 28.
13:20 EDTUPSEarnings Watch: UPS sees best FY15 EPS growth coming in Q1, Q4
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13:05 EDTUPSUPS technical commentary ahead of earnings
A key technical feature, more easily seen on a 2-year chart, is an irregular potential bearish head and shoulders pattern. The pattern began forming in August of last year. The neckline is at the $95 area, not far from where shares are currently trading. If there is bearish news, a breakdown below $95 would be required to trigger the pattern. Downside potential for the pattern over time would be to the $77.50 area. It should be noted that a move below $90 would break the long-term uptrend in the shares. If the news is bullish, first resistance would be at the 50-day moving average at $99.03. On a move above the 50-day, next resistance levels to watch as potential upside objectives would be at $102.51, $107.34, and $109.40.
April 14, 2015
07:10 EDTUPSAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.

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