This stock has not fallen much, and when it goes lower unexpected buying comes in. Someone is trying to keep the stock up for some reason -Hedge fund or company buy-backs. Should have fallen with other transports and is well ahead of moving average in a bad market with higher oil prices and slowing economy. Expect a sharp sudden drop but who knows when. Should be back around $102 based on fundamentals.
I agree, they should either warn next week or just announce a disappointing quarter in Sept. Volume is down and people are continuing to switch from over night to 3 day delivery. Don't think the profit margin is as high. In addition, the government is now supporting the post office to battle head to head with ups and fdx. They won't be able to do it, but it is still an ominous signal. Sold around 110 think we'll see 100-105 soon and maybe into double digits. Once it breaks 107.40 then it falls to 105, if that happens before they warn then we could see 95. We will see soon enogh. It is definitely be held up in this market, nice observation.
Its very interesting how some stocks ignore the fundamentals, then everyone appears surprised when they warn. Oil is climbing(negative for a transportation company) while economic growth continues to be scaled back. Walmart just cited currency exchange as a negative, which would impact here as well. To your point, the trend towards slower ground continues. I notice each day near the final minute or two there is a flury of buying - almost like someone is buying to drive the closing price higher. Very low volumes of trades so a lot of weird things can happen.