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Bearish Moving Average Cross by United Continental Holdings (UAL)

By James Quinn

United Continental Holdings (NYSE:UAL) crossed under its 10-day moving average of $44.61 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of United Continental Holdings have traded between a low of $42.17 and a high of $63.90 and are now at $44.49, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of United Continental Holdings on April 25th, 2016 by issuing a Downtrend alert when the shares were trading at $50.38. Since that call, shares of United Continental Holdings have fallen 10.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses united continental holdings

Ticker(s): UAL