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PaperBozz

$URI - Which is it?

United Rentals, Inc. (NYSE:URI)  
PaperBozz  
NYSE:URI   United Rentals, Inc.
Chart Patterns
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chartpattern
URI is showing some weakness with negative divergence on both MACD and RSI. For the bulls, it looks like it is forming a cup and handle pattern. For the bears, it looks like a double top formation.

So, which is it? Here are the deciding factors:

If the price can break and close above $490, it could confirm the cup and handle breakout and the price could reach $552.

However, if the price breaks below $439, the double top pattern could play out and the price could fall to the $412 to $400 area.
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