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United Rentals Crosses Above its 10-day MA (URI)

By Amy Schwartz

Today, shares of United Rentals (NYSE:URI) have crossed bullishly above their 10-day moving average of $78.38 on a volume of 301K 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.

United Rentals share prices have moved between a 52-week high of $105.83 and a 52-week low of $41.90 and are now trading 89% above that low price at $79.17 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 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 10.1%. 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