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Wajeeh Khan

UPS Stock Is Deep in Oversold Territory. Should You Buy the Dip?

United Parcel Service (UPS) shares have tanked in recent sessions as the Iran war pushed oil prices to a high of roughly $120, directly impacting the shipping firm’s substantial fuel costs for both ground and air operations. Following this decline, UPS has its relative strength index (14-day) hovering in the high 20s, indicating oversold conditions that often spark buying momentum in the near term. 

At the time of writing, UPS stock is down nearly 18% versus its year-to-date high in mid-February. 

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