UNITED PARCEL SERVICE
(UPS-NYSE):
Technical Viewpoint: From a low
of $59.70 on Jun 26, 2002 prices
rallied, reaching a
high of $63.75
on Jul 10, 2002. A
decline saw prices pull back, reaching a
low of
$59.70 on Jul 15, 2002.
Another rally saw prices penetrate
resistance, closing 7/19/02
at $67.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 4, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $64.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 19, 2002. A P&F upside
reversal takes place at $65.50. Summary: Technical indicators have turned bullish. BUY! UNITED PARCEL SERVICE
(UPS-NYSE) @ $67.13 Stop: Use a protective stop of $64.63.
UNITED PARCEL SERVICE is currently trading @ $67.00 plus $4.95 on Jul 19, 2002. Price Objective:
$89.00. Risk/Reward: $2.50 VS. $21.88. Today's Risk Reward Ratio: 9:1
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