United Parcel Service (UPS) has been in a strong uptrend and Wednesday it was upgraded to a buy by TheStreet's Quant Ratings service. Let's check out the charts and indicators and see what the say.
In the daily bar chart of Action Alerts PLUS holding UPS, below, we can see that prices have been stuck in a sideways trading range since August. Finally prices made a move to the upside and gapped higher the other day. Prices are trading above the rising 50-day moving average line and above the rising 200-day moving average line.
The On-Balance-Volume (OBV) line has been improving from the middle of March and is now close to making a new high for the move up. This would confirm the recent price gains. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.




(UPS is a holding in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells UPS? Learn more now.)