SmarTrend Watching for Potential Pullback in Shares of United Continental Holdings After 2.40% Gain
United Continental Holdings (NYSE:UAL) traded in a range yesterday that spanned from a low of $44.32 to a high of $46.08. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $46.03 on volume of 2.7 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 $42.17 and a high of $63.90 and are now at $45.80, which is 9% 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 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 11.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders united continental holdings