Upgrade Alert for United Continental Holdings (UAL)
United Continental Holdings (NYSE:UAL) was upgraded from Hold to Buy at Deutsche Bank today. The stock closed yesterday at $46.16 on volume of 9.8 million shares, above average daily volume of 5.9 million.
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.
Potential upside of 74.8% exists for United Continental Holdings, based on a current level of $46.16 and analysts' average consensus price target of $80.71. United Continental Holdings shares should first meet resistance at the 50-day moving average (MA) of $55.40 and find additional resistance at the 200-day MA of $55.46.
Over the past year, United Continental Holdings has traded in a range of $37.41 to $63.90 and closed yesterday at $46.16, 23% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.3%.
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 15.8%. 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