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After Yesterday's Rally of 5.82% Shares Could Potentially Pullback

By Amy Schwartz

United Rentals (NYSE:URI) traded in a range yesterday that spanned from a low of $116.17 to a high of $120.52. Yesterday, the shares gained 5.8%, which took the trading range above the 3-day high of $114.46 on volume of 697,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, United Rentals share prices have been bracketed by a low of $94.28 and a high of $158.86 and are now at $119.92, 27% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.1%.

SmarTrend is tracking the current trend status for United Rentals and will alert subscribers who have URI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders united rentals

Ticker(s): URI