United Rentals Shares Sinking Lower, Down 1.9%

Published on Wed, 01/30/2013 - 13:17
By Adrienne Chilton in Market movers, URI, market movers, nyse:uri, united rentals

United Rentals (NYSE:URI) is a company whose shares are active, trading 1.9% lower to $50.04. The Dow Jones Industrial Average is now trading fractionally higher to 13,956 and the S&P is trading fractionally lower to 1,507.

United Rentals, Inc., through its subsidiary, is an equipment rental company operating a network of locations in the United States, Canada, and Mexico. The Company serves the construction industry, industrial and commercial concerns, homeowners, and other individuals.

In the past 52 weeks, shares of United Rentals have traded between a low of $26.88 and a high of $51.84 and are now at $50.04, which is 86% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.5%.

Potential upside of 17.3% exists for United Rentals, based on a current level of $50.04 and analysts' average consensus price target of $58.69. The stock should discover initial support at its 50-day moving average (MA) of $44.87 and subsequent support at its 200-day MA of $38.04.

By Adrienne Chilton
achilton@fnno.com

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