URI - A Beautiful Rental Trade
Updated
United Rentals has been in this consolidation zone since March. Look at how steady, for the most part, this price action has been. Buy at support, sell near resistance, rinse & repeat. Even when the price broke down out of the range in August it gave you an RSI bullish divergence signal along with a double-bottom pattern just prior to another $20 bullish move. So pretty. Why can't they all be this easy?
Comment
The stock broke out on Friday & continued today. Amazing run since bottoming around $110.
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