Downgrade Alert for United Continental Holdings (UAL)
United Continental Holdings (NYSE:UAL) was downgraded from Outperform to Neutral at Credit Suisse today. The stock closed yesterday at $39.31 on volume of 8.2 million shares, above average daily volume of 5.9 million.
Potential upside of 105.3% exists for United Continental Holdings, based on a current level of $39.31 and analysts' average consensus price target of $80.71. The stock should run into initial resistance at its 50-day moving average (MA) of $55.40 and subsequent resistance at its 200-day MA of $55.46.
United Continental Holdings Inc. is an airline holding company. The Company owns and operates airlines that transports persons, property and mail throughout the United Statesand abroad.
United Continental Holdings share prices have moved between a 52-week high of $63.90 and a 52-week low of $37.41 and closed yesterday at 5% above that low price at $39.31 per share. The 200-day and 50-day moving averages have moved 0.34% lower and 1.31% lower over the past week, respectively.
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 20.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades united continental holdings