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United Rentals Bullish Moving Average Crossover Alert (URI)

By Nick Russo

United Rentals (NYSE:URI) shares have crossed bullishly above their 10-day moving average of $110.61 on a volume of 264K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of United Rentals have traded between a low of $94.28 and a high of $173.00 and are now at $111.72, which is 18% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of United Rentals on July 18th, 2019 by issuing a Downtrend alert when the shares were trading at $123.08. Since that call, shares of United Rentals have fallen 11.3%. 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