United Rentals $URI Technical Update
The United Rentals (NYSE: URI) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for URI, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Review the Trading Plans:
Long Term Trading Plans for URI
October 2, 2018, 11:30 pm ET
The Technical Summary and Trading Plans for URI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this URI Report.
URI – (Long) Support Plan
Buy over 151.48 target 170.79 stop loss @ 151.22.
The technical summary data tells us to buy URI near 151.48 with an upside target of 170.79. This data also tells us to set a stop loss @ 151.22 to protect against excessive loss in case the stock begins to move against the trade. 151.48 is the first level of support below 163.03 , and by rule, any test of support is a buy signal. In this case, support 151.48 is being tested, a buy signal would exist.
URI – (Short) Resistance Plan
Short under 170.79 target 151.48 stop loss @ 171.05
The technical summary data is suggesting a short of URI as it gets near 170.79 with a downside target of 151.48. We should have a stop loss in place at 171.05 though. 170.79 is the first level of resistance above 163.03, and by rule, any test of resistance is a short signal. In this case, if resistance 170.79 is being tested, a short signal would exist.
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