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United Rentals Bullish Moving Average Crossover Alert (URI)

By Shiri Gupta

United Rentals (NYSE:URI) shares have crossed bullishly above their 10-day moving average of $185.71 on a volume of 116K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

United Rentals share prices have moved between a 52-week high of $190.74 and a 52-week low of $61.78 and are now trading 202% above that low price at $186.53 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has slid 0.5%.

SmarTrend recommended that subscribers consider buying shares of United Rentals on February 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $173.61. Since that recommendation, shares of United Rentals have risen 6.7%. We continue to monitor URI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses united rentals

Ticker(s): URI