UPS (UPS) – Bearish DailyPlay for Thursday, Jan 17th, 2019

The bearish DailyPlay we chose for Thursday, Jan 17th is UPS (UPS). UPS is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 1.00% move higher but its 6m trend has turned bearish on 10/10 and recently bounced lower off its $68 resistance level.

UPS’s 1m and 6m trends turned bearish on 12/4 and recently bounced lower off its $100 resistance level. With a technical score of 6 (out of 10), UPS is a neutral stock that is starting to turn lower.

View this Trade Idea on UPS

As a stop loss, if UPS was to trade above $100 for multiple days, this would invalidate our analysis and suggest getting out of the trade.