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United Continental Holdings Set to Possibly Rebound After Yesterday's Selloff of 2.07%
Dec 27, 2012 (SmarTrend(R) News Watch via COMTEX) --
United Continental Holdings (NYSE:UAL) traded in a range yesterday that spanned from a low of $23.14 to a high of $23.81. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $23.45 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
Over the past year, United Continental Holdings has traded in a range of $17.25 to $25.84 and is now at $23.19, 34% above that low. The 200-day and 50-day moving averages have moved 0.18% higher and 0.72% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of United Continental Holdings on December 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.47. Since that recommendation, shares of United Continental Holdings have risen 10.3%. We continue to monitor UAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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