UPS Day Trade Breakout

Jul 21, 2016

UPS and FDX both have been going bullish for a good while and setting off multiple timeframe bullish signals. Today though the lower timeframes are breaking down triggering reversals. This could be some profit taking down to swing trading support levels. The 30m breakout setup on UPS and I took it around the opening when my alert triggered. I went in with short term Put options looking to hit my target at 109.26.