• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of United Rentals After 29.58% Gain

By David Diaz

United Rentals (NYSE:URI) traded in a range yesterday that spanned from a low of $150.29 to a high of $153.91. Yesterday, the shares gained 29.6%, which took the trading range above the 3-day high of $152.45 on volume of 214,000 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, United Rentals share prices have been bracketed by a low of $94.28 and a high of $153.91 and are now at $153.79, 63% above that low price. The 200-day and 50-day moving averages have moved 0.44% higher and 2.77% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of United Rentals on October 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $125.06. Since that recommendation, shares of United Rentals have risen 20.1%. We continue to monitor URI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders united rentals

Ticker(s): URI