Shippers Close Strong

01/12/2010 9:53 am EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

chart
Click to Enlarge

Both UPS (UPS) and FedEx (FDX) closed sharply higher on Monday, and technically, the action appears to be significant. UPS has broken out above key resistance at $60 on heavy volume. The next target is at $70. FDX moved above three-week resistance on good volume and looks ready to test the upper trading channel in the $98-$100 area

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on OPTIONS

Keyword Image
Collar Hedging Strategy
01/28/2019 12:38 pm EST

Jay Soloff, who is presenting at MoneyShow Orlando Feb. 7-8, describes a no-cost collar strategy and...