Watch These UPS Stock Price Levels Following Earnings-Driven Plunge
UPS(UPS) Investopedia·2024-07-24 12:35
Key TakeawaysUnited Parcel Service shares dropped more than 12% on Tuesday after the shipping giant posted a steep decline in second-quarter profit and trimmed its outlook, as package deliveries normalize from pandemic-era highs.UPS shares have broken down from a descending triangle, a chart pattern that indicates a continuation of the stock's current downtrend.Amid follow-through selling, UPS shares may encounter support at key chart levels including $125, 103, and $93.A bars pattern that extracts the impu ...