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Shares of United Continental Holdings Rise to a New 52-Week High

Published on Tue, 03/19/2013 - 14:22
By Adrienne Chilton

United Continental Holdings (NYSE:UAL) traded at a new 52-week high today of $31.98. This new high was reached on below average trading volume as 3.3 million shares traded hands, while the average 30-day volume is approximately 5 million shares.

United Continental Holdings (NYSE:UAL) is currently priced 10.3% above its average consensus analyst price target of $28.33. The stock should find initial support at its 50-day moving average (MA) of $26.67 and further support at its 200-day MA of $22.46.

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, United Continental Holdings share prices have been bracketed by a low of $17.45 and a high of $31.98 and are now at $31.57, 81% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.6%.

By Adrienne Chilton
achilton@fnno.com