• Return to Headlines

Bearish Moving Average Cross by United Rentals (URI)

By David Diaz

United Rentals (NYSE:URI) shares have crossed bearishly below their 10-day moving average of $175.00 on a volume of 1.2 million 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, shares of United Rentals have traded between a low of $61.78 and a high of $190.74 and are now at $173.03, which is 180% above that low price. The 200-day and 50-day moving averages have moved 0.53% lower and 1.77% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in United Rentals. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of United Rentals in search of a potential trend change.

Keywords: moving crosses united rentals

Ticker(s): URI