United Parcel Service, Inc.(UPS) is in an downtrend but momentum is showing some life

(23-May-2008) (23-May-2008) United Parcel Service, Inc.(UPS) closed at 70.74, down -0.09 or -0.13 % today. Based on our analysis, United Parcel Service, Inc.(UPS) is in an downtrend but momentum is showing some life.

The closing price of United Parcel Service, Inc.(UPS) is below its 50 day moving average of 71.8 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that United Parcel Service, Inc.(UPS) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 29-May-2008, about 6 trading days ago.