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United Rentals Bullish Moving Average Crossover Alert (URI)

By David Diaz

Today, shares of United Rentals (NYSE:URI) have advanced above their 10-day MA of $105.27 on a volume of 140K 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 $134.28 and a 52-week low of $61.78 and are now trading 72% above that low price at $106.43 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 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 10.8%. 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