When (URI) Moves Investors should Listen
June 29, 2024, 10:00 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for URI
- Buy URI slightly over 635.49 target 708.27 stop loss @ 633.65 Details
The technical summary data tells us to buy URI near 635.49 with an upside target of 708.27. This data also tells us to set a stop loss @ 633.65 to protect against excessive loss in case the stock begins to move against the trade. 635.49 is the first level of support below 646.73 , and by rule, any test of support is a buy signal. In this case, support 635.49 would be being tested, so a buy signal would exist.
- Short URI slightly under 708.27, target 635.49, stop loss @ 710.32 Details
The technical summary data is suggesting a short of URI as it gets near 708.27 with a downside target of 635.49. We should have a stop loss in place at 710.32though. 708.27 is the first level of resistance above 646.73, and by rule, any test of resistance is a short signal. In this case, if resistance 708.27 is being tested, so a short signal would exist.
Swing Trading Plans for URI
- Buy URI slightly over 708.27, target 781.15, Stop Loss @ 706.22 Details
If 708.27 begins to break higher, the technical summary data tells us to buy URI just slightly over 708.27, with an upside target of 781.15. The data also tells us to set a stop loss @ 706.22 in case the stock turns against the trade. 708.27 is the first level of resistance above 646.73, and by rule, any break above resistance is a buy signal. In this case, 708.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short URI slightly near 708.27, target 646.53, Stop Loss @ 710.32. Details
The technical summary data is suggesting a short of URI if it tests 708.27 with a downside target of 646.53. We should have a stop loss in place at 710.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 708.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for URI
- Buy URI slightly over 708.27, target 781.15, Stop Loss @ 706.62 Details
If 708.27 begins to break higher, the technical summary data tells us to buy URI just slightly over 708.27, with an upside target of 781.15. The data also tells us to set a stop loss @ 706.62 in case the stock turns against the trade. 708.27 is the first level of resistance above 646.73, and by rule, any break above resistance is a buy signal. In this case, 708.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short URI slightly near 708.27, target 646.53, Stop Loss @ 709.92. Details
The technical summary data is suggesting a short of URI if it tests 708.27 with a downside target of 646.53. We should have a stop loss in place at 709.92 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 708.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for United Rentals Inc. (URI) available here: URI.
URI Ratings for June 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
635.49 |
| P2 |
616.98 |
620.33 |
708.27 |
| P3 |
630.11 |
646.53 |
781.15 |
AI Generated Signals for URI
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The United Rentals Inc. (NYSE: URI) report below is a real world example. Included are trading plans for URI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for URI:
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