Ominous Death Cross Forms On United Parcel Service's Chart
Portfolio Pulse from Benzinga Insights
A death cross has formed on United Parcel Service's (NYSE:UPS) chart, which could be bearish for the stock. The death cross occurs when the 50-day moving average moves below the 200-day moving average, signaling a potential change in the long-term trend.

June 09, 2023 | 2:51 pm
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United Parcel Service (NYSE:UPS) has experienced a death cross on its chart, which could indicate a bearish trend for the stock in the short term.
A death cross is a technical indicator that occurs when a stock's 50-day moving average crosses below its 200-day moving average. This is generally considered a bearish signal, as it may indicate a change in the long-term trend. In the case of United Parcel Service, the death cross could lead to a decline in the stock price in the short term, as it suggests that the stock's momentum is slowing down and the trend is turning negative.
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