If you follow our social channels (IG - tradebackcom) you might have seen us willing UPS to hit 200 when it was valued at just 177.7. We knew good things were coming due to their earnings report and the fact that this company continues to grow, surpass expectations and felt a huge increase in demand thanks to Covid.
Over the last 12 months:
UPS has rocketed from 94.4 to 198.18. We currently sit at an all time high (ATH) and we don’t believe this will do anything but continue.
Resistance has yet to be met smashing through every barrier one step at a time. Our feelings on UPS right now is once it passed 200 and holds we will see a meteoric rise to 220 and beyond within the next 3 months.
Positive signs for UPS stock:
- More companies have gone digital due to Covid
- Shops have become online stores needing more delivery options
- Businesses and individuals use UPS thanks to their above average service and below average costs.
- More start ups means more business.
Tradeback Predictions:
- UPS stock will surpass 200 by June 2021
- UPS stock will hit 240 within 3 months
- UPS stock will be valued at 280 by 2022.
Lifetime UPS chart:
