Buying United Parcel Service shares is hedged by selling International Paper.
Buying shares of United Parcel Service (#UPS), an American logistic company.
On the weekly chart, the price was above the Krusenstern line. The signal line of the Marlin oscillator reversed upward. A strong bullish impulse was generated.
On the daily chart, the price consolidated above the balance line and the Krusenstern line. The Marlin oscillator returned to the positive zone. The targets are seen at the Fibonacci levels of 61.8% (203.50) and 76.4% (209.50).
Selling shares of International Paper (#IP), an American pulp and paper company.
On the weekly chart, the price consolidated below the Krusenstern line and re-tested it with the upper shadow of the latest candlestick. This indicates a rapid fall in price. The first target is seen at 48.70.
On the daily chart, the Marlin oscillator reversed downward. The price is rapidly falling and is expected to remain bearish.
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