Shares of United Parcel Service, Inc. (NYSE:UPS) continued to collapse on Wednesday after the company missed earnings estimates just one day prior. This now two day collapse is getting ugly by any metrics with the stock down over 5% on the day. In the two trading days since earnings were reported, United Parcel Service has fallen from $117 to the low today of $103.23. So where is UPS going to find a near-term bottom? Where can traders buy it for a technical bounce? The answer is $100.00. There is major support there and it will likely reach that level tomorrow. Look for a $5 bounce within a day or two.




Investors buy stock chart support on United Parcel Service