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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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May 28, 2015
07:24 EDTUPSUPS coverage resumed with a Neutral at Nomura
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May 19, 2015
10:44 EDTUPSUPS to settle alleged civil false claims act violations for $25M
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07:22 EDTUPSUPS having success with pickup points, WSJ says
Driven by the increase in e-commerce deliveries, UPS (UPS) has been combatting failed deliveries by using package pickup points, called UPS Access Points, like local drug stores, reports the Wall Street Journal. As a result UPS, FedEx (FDX), and DHL are investing in new systems aimed at having e-commerce customers collect orders from these pickup points, the Journal adds. Reference Link

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