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Bearish Moving Average Cross by United Rentals (URI)

By Shiri Gupta

United Rentals (NYSE:URI) shares have crossed bearishly below their 10-day moving average of $111.32 on a volume of 541K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, United Rentals share prices have been bracketed by a low of $41.90 and a high of $134.28 and are now at $107.10, 156% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of United Rentals on March 27th, 2017 by issuing a Downtrend alert when the shares were trading at $117.56. Since that call, shares of United Rentals have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses united rentals

Ticker(s): URI