United Parcel Service (UPS) Catches Broker Upgrade
Posted: Tuesday, February 09, 2010 12:40 PM EDT
By: Market Intelligence Center Staff
United Parcel Service (UPS) was upgraded today by analysts at Argus Research and the stock is now at $58.04, up $1.42 (2.51%) on volume of 2,103,039 shares traded. The stock is moving higher today after Argus Research upgraded the stock today to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $37.99 in March to a high of $63.38 in January. United Parcel Service stock has been showing support around $55.93 and resistance in the $57.75 range. Technical indicators for the stock are bullish and S&P gives UPS a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on UPS the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE United Parcel Service (UPS) Stock ReportSee what our analysts have uncovered about United Parcel Service (UPS).