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FedEx, UPS, Transportation Stocks Strong, but Resistance Looms

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All good rallies require consolidation at some point. And looking overhead, it appears that the transports may get one sooner rather than later.

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United Postal Service – Daily Chart

UPS has some room before hitting resistance at 2012 highs. A bit of a laggard, considering that it is still 4-5% off 2012 highs.



Dow Jones US Airline Index – Daily Chart

Airlines have been strong and still have some room. But 83-85 looks like an area that may give the index some trouble. Nice looking technical setup intermediate term with the rounded bottom and acceleration in place.



Delta Airlines – Daily Chart

DAL is sitting just 3% below key resistance. Bulls would like to see a breakout and successful retest, but the breakout may be stronger if the stock consolidates first. Either way, keep an eye on the price action around this resistance line.



Editor's Note: Andrew Nyquist is an independent investor based in the Minneapolis area. This article originally appeared on his investing and economics site, See It Market.

Twitter: @andrewnyquist
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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