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SmarTrend Watching for Potential Pullback in Shares of United Continent After 2.32% Gain

By Amy Schwartz

United Continent (NYSE:UAL) traded in a range yesterday that spanned from a low of $87.83 to a high of $89.86. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $89.35 on volume of 845,000 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 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 13.3%. We continue to monitor UAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of United Continent have traded between a low of $56.51 and a high of $89.61 and are now at $89.54, which is 58% above that low price. The 200-day and 50-day moving averages have moved 0.61% higher and 1.37% higher over the past week, respectively.

Keywords: rebounders united continent

Ticker(s): UAL