Things are hopping here at “360 Central” (that is my home where I manage Options360 and Earnings360).
As I mentioned yesterday I am overseeing a number of different trades and keeping an eye on 2 full watch lists waiting for a good time to grab some profits.
Today I found a trade I am very excited about, and I wanted to share some of the research and reasoning with you.
Here is an alert I sent to subscribers to my concierge trading service Options360:
New bullish play in United Parcel Service (UPS). On Tuesday the package shipment company posted better than expected numbers beating on both top and bottom line and saying it is able to deal/pass on higher costs. The initial stock move was up but during the conference call, the CEO said he expected a continued slowdown in volumes had the stock reverse lower… selling accelerated along with broader market weakness.
Ultimately the company reaffirmed guidance and boosted its buyback.
I think this represents a buying opportunity.
The chart looks good as the old low around $184 held and now a possible bullish reversal is in place.
Feel free to use this to create your own trade, or click here and take advantage of a trial subscription to see the trade I recommended. (It wouldn’t be fair to give you the specific recommendation when subscribers have to pay for it – but I don’t mind sharing the research with you here for FREE)
I hope you can do something with this information, or that you take me up on my invitation to try out Options360 for just $19.
Either way here’s…
To Your Success!
Steve