United Rentals has trended higher since October, and some traders may see opportunities in its current pullback.
The first pattern on today’s chart is the rally to new highs on January 25 after earnings beat expectations. The industrial stock has held that move without a significant retracement, which may suggest that buyers outnumber sellers.
Second is the...
URI heads up at $675: major fib confluence, possible local top.
The exact zone defined by the fib confluence is 671.30 - 677.71
Look for a pullback there, or a break and retest for continuation.
Will post updates as price action hits key levels.
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NYSE: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...
I am bullish on United Rentals (URI) for the long-term looking 3 to 5 years ahead.
The company has great fundamentals and is holding up well in this environment where we could see a recession in the U.S. in 2023.
URI just reported a positive Q4 earnings with a strong outlook.
The technicals show an overbought condition on the 1 day chart.
So, I am anticipating a...
Despite all the talk about a recession in 2023, many cyclical industrial companies have gained traction lately -- including United Rentals.
The first item on today’s chart is the $365 area where URI peaked in late March. Prices pushed against that level several times since mid-November while making higher lows. The result has been an ascending triangle. The stock...
Another one to keep an eye on is $URI as it tightens up very nicely on the right side of the chart.
Weekly chart looking constructive after breaking a multi month down trendline.
Daily OBV making multiple NHBP pointing to institution accumulation.
The PEAD projected a Bullish outlook for $URI after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 88.89%.
Bounce back in the construction activity and huge amounts of federal infrastructure spending in the coming months are suggesting strong earnings for the sector and especially for United Rentals Inc, which is the largest equipment rental company in the world, serving its customers through an integrated network of over 1,100 rental locations in the U.S. and...
* Excellent earnings
* Very strong up trend
* High relative strength in the Industrials sector
* Breaking out of a ~8 month consolidation with very high volume (172.64% higher than average)
* Max probable ROI on this trade is 26.08%
Note:
* Institutions don't buy breakouts, they create breakouts.
Trade Idea:
* Now is the perfect time to get in since the...
$URI. One word: Stimulus.
BUY signal, 7 confirms, and bouncing off .618 Fibonacci retracement.
Buy stock or long-term options.
Stop loss is $260, b/c YTD it's up 92%.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
Jan 11 Update:
- Had nice entry on the pull back to support at 224 on Jan 24 and then had a nice GAP up
- Hit our 2.272% target and just under the 1.615%
- slight retrace flagging down to the 0.382 which is close to my 38.2% wave 4 bottom. Is this the wave 4?
Trade Entry Options were:
Entry Option 1 - Breakout: $234.50
Entry Option 2 - Pull Back: $225-226 or...
URI had recently broken to new highs but was hindered by the
most recent decline in the markets.
URI is for sure a election play, with infrastructure spending used to woo voters.
Its also benefits from the thriving Housing market.
The commodities surge also signals growth ahead.
Local Fibonacci price targets as per the chart, with 3 particular levels of...
