By almost every measure, United Parcel Service (UPS) gives the appearance of a money pit. Pull up its Price Overview report and you’re immediately greeted with a warning from the Barchart Technical Opinion indicator: a glaring 100% Strong Sell rating. From a technical standpoint, it doesn’t get much worse than that.
What raises even more alarm, though, is that the performance in the charts doesn’t offer any apparent reason for optimism. In the trailing half-year period — a time frame when many securities have witnessed blistering upswings — UPS stock is down about 24%. Since the beginning of the year, the express carrier and package delivery company has given up almost 34% of value.
