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

By David Diaz

Today, shares of United Rentals (NYSE:URI) have crossed bullishly above their 10-day moving average of $109.89 on a volume of 414K 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 $134.28 and is now at $111.46, 166% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.8%.

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 7.3%. 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