AI
| Followers | 55 |
| Posts | 11544 |
| Boards Moderated | 2 |
| Alias Born | 04/25/2012 |
Friday, October 01, 2021 9:08:11 AM
UPS on edge of losing major support: 200-day MA (daily chart).
Significant gap downward to high $170's. I think UPS's stock price trades in step with the overall market, as well as based on yield moreso than being driven by the company's performance. Yield is still low in the 2.2%ish range while the 10-year is at 1.5%ish.
Stock is significantly oversold and still in danger of dropping several more dollars. If that happens, I might have to buy back in for the bounce.
Significant gap downward to high $170's. I think UPS's stock price trades in step with the overall market, as well as based on yield moreso than being driven by the company's performance. Yield is still low in the 2.2%ish range while the 10-year is at 1.5%ish.
Stock is significantly oversold and still in danger of dropping several more dollars. If that happens, I might have to buy back in for the bounce.
