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United Continental Holdings Bearish Moving Average Crossover Alert (UAL)

By Shiri Gupta

United Continental Holdings (NYSE:UAL) shares have crossed bearishly below their 10-day moving average of $45.35 on a volume of 1.3 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.

Over the past year, United Continental Holdings has traded in a range of $42.17 to $63.90 and is now at $44.84, 6% above that low. 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 8.5%. 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