Shares in UPS are about 20% up so far this year, but how will the delivery giant be managing after its quarterly earnings are reported on Tuesday?

Shares in UPS are approximtely 20% up so far this year, investors want to see how how the delivery giant is managing after its quarterly earnings are reported on Tuesday. From a technical perspective, its shares are currently trading at around $169.59 as shown on the picture of the chart. Applying the Fibonacci retracement, tough resistance sits at $170.22 which is just above the 23.6% Fib level. A break above this resistance level could see the stock's share price rise towards the 38.2% Fib. Towards the downside, support sits at $164.72 followed by major support at $160.32. A break below the major support could see the share price fall towards the $154.87 price mark. Looking at the indicators, MACD is positive and RSI reads 50, also positive.