Look for Shares of United Continental Holdings to Potentially Pullback after Yesterday's 2.45% Rise
United Continental Holdings (NYSE:UAL) traded in a range yesterday that spanned from a low of $41.72 to a high of $42.59. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $41.73 on volume of 2.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend recommended that its subscribers protect gains by selling shares of United Continental Holdings on April 25th, 2016 by issuing a Downtrend alert when the shares were trading at $50.38. Since that call, shares of United Continental Holdings have fallen 17.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
In the past 52 weeks, shares of United Continental Holdings have traded between a low of $37.41 and a high of $63.90 and are now at $42.42, which is 13% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.3%.
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