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After Yesterday's Decline of 1.19%, United Continent Offers Investors Better Value

By Amy Schwartz

United Continent (NYSE:UAL) traded in a range yesterday that spanned from a low of $80.65 to a high of $82.33. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $82.02 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, United Continent has traded in a range of $56.51 to $83.66 and is now at $81.90, 45% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of United Continent on July 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.53. Since that recommendation, shares of United Continent have risen 6.7%. We continue to monitor UAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders united continent

Ticker(s): UAL