Watch These UPS Price Levels After Stock Hits 5-Year Low
Key Takeaways
- United Parcel Service shares moved higher Wednesday after falling yesterday to their lowest level in nearly five years.
- Since setting their record high in January 2022, UPS shares have traded within a falling wedge, with the price recently declining to the pattern’s lower trendline.
- Key support levels in play on the UPS chart sit around $101 and $90, while important overhead areas lie at $125 and $160.
United Parcel Service (UPS) shares were gaining ground Wednesday after falling yesterday to their lowest level in nearly five years.
Shares in the logistics firm have remained under pressure since disappointing investors in January with weaker-than-expected fourth quarter results, announcing at the time it was…
