(Finance) – Moves in red for United Parcel Service which is marking a decline of 3.07%.
The rejection decided by Barclays also weighs on the shares. Experts have downgraded the shipping giant to “underweight” from a previous “equal weight”.
The one-week trend of shipping company is more sluggish compared to the trend of theS&P 100. This decline could trigger opportunities for the market to sell the stock.
The short-term examination of United Parcel Service classifies a strengthening of the bullish phase with immediate resistance seen at 133.2 USD and first support identified at 130.9. Technically, a further upward trend in the curve is expected towards new tops estimated in the 135.6 area.