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Bullish Moving Average Cross by United Continent (UAL)

By James Quinn

United Continent (NYSE:UAL) shares have crossed bullishly above their 10-day moving average of $87.97 on a volume of 346K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of United Continent have traded between a low of $56.51 and a high of $89.48 and are now at $89.18, which is 58% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of United Continent on July 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.53. Since that recommendation, shares of United Continent have risen 13.3%. We continue to monitor UAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses united continent

Ticker(s): UAL