URI Enters Squeeze Mode at $827.94
NeutralUnited Rentals Inc (URI) closed up 0.39% at $827.94 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($816.80) with a bullish stack. The 21-day EMA at $815.92 provides support.
Momentum
RSI at 58.3 is in neutral territory but trending higher. MACD is bullish (-6.42 vs signal -12.51).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.