Union Pacific (UNP - Get Report) ($157.95 vs. $153.72 on May 8) set its multi-year high at $161.00 on May 22, two days after the transports peaked. Shortly after my May 8 post this stock was upgraded to hold from sell. The weekly chart remains positive but overbought with the five-week MMA at $153.28. My semiannual value level is $143.14 with a monthly pivot at $156.79 and weekly risky level at $164.10.
United Parcel Service (UPS - Get Report) ($87.43 vs. $88.66 on May 8) set its multi-year high at 89.96 on May 8 versus the transports peak on May 20. The weekly chart stays negative given a close this week below the five-week MMA at $86.05. My semiannual value level is $80.21 with a monthly risky level at $89.67.
At the time of publication the author held no positions in any of the stocks mentioned.