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United Rentals Bearish Moving Average Crossover Alert (URI)

By Nick Russo

United Rentals (NYSE:URI) shares have crossed bearishly below their 10-day moving average of $66.47 on a volume of 230K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

United Rentals share prices have moved between a 52-week high of $105.83 and a 52-week low of $41.90 and are now trading 52% above that low price at $63.83 per share. The 200-day and 50-day moving averages have moved 0.53% lower and 1.77% higher over the past week, respectively.

SmarTrend is tracking the current trend status for United Rentals and will alert subscribers who have URI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses united rentals

Ticker(s): URI