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Upgrade Alert for United Continental Holdings (UAL)

By David Diaz

United Continental Holdings (NYSE:UAL) was upgraded from Market Perform to Outperform at Raymond James today. The stock closed yesterday at $50.99 on volume of 12.9 million shares, above average daily volume of 5.9 million.

United Continental Holdings (NYSE:UAL) has potential upside of 58.3% based on a current price of $50.99 and analysts' 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.

In the past 52 weeks, shares of United Continental Holdings have traded between a low of $37.41 and a high of $63.90 and closed yesterday at $50.99, which is 36% above that low price. 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 is tracking the current trend status for United Continental Holdings and will alert subscribers who have UAL in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades united continental holdings

Ticker(s): UAL