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United Rentals Bullish Moving Average Crossover Alert (URI)

By Amy Schwartz

Today, shares of United Rentals (NYSE:URI) have crossed bullishly above their 10-day moving average of $78.75 on a volume of 368K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, United Rentals has traded in a range of $41.90 to $105.83 and is now at $79.93, 91% above that low. 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 subscribers consider buying shares of United Rentals on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.89. Since that recommendation, shares of United Rentals have risen 11.1%. 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