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SmarTrend Watching for Potential Pullback in Shares of United Continental Holdings After 2.47% Gain

By Amy Schwartz

United Continental Holdings (NYSE:UAL) traded in a range yesterday that spanned from a low of $45.79 to a high of $46.90. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $46.81 on volume of 2.0 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 9.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, United Continental Holdings share prices have been bracketed by a low of $42.17 and a high of $63.90 and are now at $46.87, 11% above that low price. The 200-day and 50-day moving averages have moved 0.34% lower and 1.31% lower over the past week, respectively.

Keywords: rebounders united continental holdings

Ticker(s): UAL