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Look for Shares of United Continental Holdings to Potentially Pullback after Yesterday's 5.27% Rise

By David Diaz

United Continental Holdings (NYSE:UAL) traded in a range yesterday that spanned from a low of $75.64 to a high of $79.00. Yesterday, the shares gained 5.3%, which took the trading range above the 3-day high of $75.85 on volume of 3.4 million 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, shares of United Continental Holdings have traded between a low of $37.41 and a high of $79.00 and are now at $78.93, which is 111% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of United Continental Holdings on March 31st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.82. Since that recommendation, shares of United Continental Holdings have risen 5.9%. We continue to monitor UAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders united continental holdings

Ticker(s): UAL