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Actionable news in UPS: UNITED PARCEL SERVICE Inc CLASS B,

UPS, Transports Have Positive Weekly Charts — but Be Careful

As measured by the iShares Transportation Average ETF (IYT) , the transportation sector has had a positive weekly chart since July 8. Still, the sector remains in correction territory, down 15.6% below its all-time high of $167.80, set back in November 2014.

United Parcel Service (UPS) , the second-largest component of the exchange-traded fund, has had a positive weekly chart since June 10. It is now overbought in front of delivering its earnings report for the second quarter before the opening bell on Friday. This stock has been a strong performer so far in 2016 and is just 4.9% below its all-time high of $114.40, set on Jan. 22, 2015.

UPS has been benefiting from its relationship with the U.S. Postal Service. When consumers enter a UPS store, they can drop off mail, make hard copies or digital copies of documents and choose package delivery options among both delivery services.

Analysts expect UPS to earn $1.43 a share. Domestic...


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