UPS
Today, we thought we'd look at the charts of AAP holding United Parcel Service (UPS) .
Taking a look at the blue daily chart, below, we see a strong move up with higher lows and higher highs. The big earnings gap was recently filled and now it appears a new uptrend is upon us. We'll see earnings from FedEx (FDX) later today and that may move the stock up or down.
Notice on the daily chart a breakout on strong volume and the solid relative strength.
On the weekly chart (TrendSpider), below, the uptrend is intact, with very good relative strength and solid turnover. A move through $222 would propel "Big Brown" up toward $230 or so.
https://share.trendspider.com/ chart/UPS/4669v85k63
Action Alerts PLUS is long UPS.