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United Continental Holdings Crosses Above its 10-day MA (UAL)

By David Diaz

United Continental Holdings (NYSE:UAL) shares have crossed bullishly above their 10-day moving average of $44.03 on a volume of 2.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

United Continental Holdings share prices have moved between a 52-week high of $63.90 and a 52-week low of $41.46 and are now trading 8% above that low price at $44.92 per share. 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 13.8%. 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