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United Rentals Bearish Moving Average Crossover Alert (URI)

By Nick Russo

Today, shares of United Rentals (NYSE:URI) have crossed bearishly below their 10-day moving average of $109.47 on a volume of 306K shares. Swing traders may find an opportunity 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 $41.90 and a high of $134.28 and are now at $107.05, which is 155% 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 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 5.9%. 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