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SmarTrend Watching for Potential Rebound in Shares of United Continent After 2.34% Loss

By Nick Russo

United Continent (NYSE:UAL) traded in a range yesterday that spanned from a low of $89.30 to a high of $90.78. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $91.44 on volume of 221,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for United Continent and will alert subscribers who have UAL in their portfolio or watchlist when shares have changed trend direction.

United Continent share prices have moved between a 52-week high of $97.85 and a 52-week low of $77.04 and are now trading 16% above that low price at $89.49 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders united continent

Ticker(s): UAL