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United Rentals Bullish Moving Average Crossover Alert (URI)

By Amy Schwartz

United Rentals (NYSE:URI) crossed over its 10-day moving average of $125.15 on a volume of 180K 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 $94.28 to $173.00 and is now at $125.42, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has risen 0.3%.

SmarTrend is monitoring the recent change of momentum in United Rentals. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of United Rentals in search of a potential trend change.

Keywords: moving crosses united rentals

Ticker(s): URI