United Parcel Service (UPS) Just Overtook the 20-Day Moving Average

Core Viewpoint - United Parcel Service (UPS) shows potential as a stock pick due to its recent technical movements and positive earnings revisions Group 1: Technical Analysis - UPS has surpassed resistance at the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average (SMA) is favored by traders for its ability to smooth out price fluctuations and provide trend reversal signals [2] - UPS has moved 8.5% higher over the last four weeks, suggesting a potential for further gains [4] Group 2: Earnings Estimates - There have been 9 upward revisions for UPS's earnings estimates for the current fiscal year, with no downward revisions, indicating strong bullish sentiment [4] - The consensus earnings estimate for UPS has also increased, reinforcing the positive outlook for the company [4] Group 3: Investment Considerations - Investors are encouraged to monitor UPS for potential gains based on its key technical levels and favorable earnings estimate revisions [5]