United Parcel's most recent trend suggests a bullish bias. One trading opportunity on United Parcel is a Bull Put Spread using a strike $170.00 short put and a strike $165.00 long put offers a potential 53.85% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $3.25 would be incurred if the stock dropped below the $165.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for United Parcel is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for United Parcel is bullish.
The RSI indicator is at 69.77 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for United Parcel
How Will C.H. Robinson (CHRW) Fare This Earnings Season?
Tue, 20 Oct 2020 12:45:12 +0000
Weak freight market conditions are likely to have hurt C.H. Robinson's (CHRW) Q3 performance. However, the bottom line is expected to have benefited from cost-control measures.
Cross-Sector: Market Data Highlights
Sat, 17 Oct 2020 01:43:24 +0000
Is UPS Stock A Buy Amid Coronavirus E-Commerce Boom?
Thu, 01 Oct 2020 03:31:13 +0000
United Parcel Service is the world’s biggest express carrier and package delivery company. Is UPS stock a buy as the coronavirus e-commerce boom fuels growth?
The Zacks Analyst Blog Highlights: TSLA, MA, UPS, SQ and CL
Tue, 08 Sep 2020 18:10:06 +0000
The Zacks Analyst Blog Highlights: TSLA, MA, UPS, SQ and CL
UPS Rides on Increase in Home Deliveries & Strong Liquidity
Mon, 07 Sep 2020 15:48:03 +0000
The need for door-to-door delivery of essentials and cargo carriers is driving UPS amid the coronavirus crisis.
Related Posts
Also on Market Tamer…
Follow Us on Facebook