Tracking The Delivery:

The delivery services space is confined to a select few names with the bulk of the spotlight being stolen from UPS and FDX. There are a couple of other names worth mentioning in EXPD which recorded a nasty bearish engulfing candle, and FWRD which is having issues with the very round par number presently. The latter name trades in an illiquid fashion and is now within the confines of a bearish dark cloud cover candle from the 5/10 session. Below is the ratio chart of the two behemoths in the space, comparing UPS to FDX. Both are in the neighborhood of being off 3% from their most recent all-time highs, but UPS gets the nod if one is looking to overweight one against another. In the last 3 weeks, UPS has strongly defended a two-week gain of nearly 21% the weeks ending between 4/30-5/7. The truth is both are worthy of your investment capital with FDX just above a WEEKLY cup base pivot of 305.76 and UPS looking to get above the round 220 number in a bull flag. 

This article requires a Chartsmarter membership. Please click here to join.