United Continental Holdings, Inc., together with its subsidiaries,
provides air transportation services in North America, the Asia-Pacific,
Europe, the Middle East, Africa, and Latin America. It transports
people and cargo through its mainline operations, which use jet aircraft
with at least 118 seats, and its regional operations. As of December
31, 2014, the company operated a fleet of 1,257 aircraft. It also sells
fuel; and provides maintenance, ground handling, and catering services
for third parties. The company was formerly known as UAL Corporation and
changed its name to United Continental Holdings, Inc. in October 2010.
United Continental Holdings, Inc. was founded in 1934 and is
headquartered in Chicago, Illinois.
Take a look at the 1-year chart of United (NYSE: UAL) below with added notations:
After selling off from January into June, UAL started trading
sideways over the following few months. While in the sideways move, the
stock has formed a key pair of price levels that are worth watching. UAL
has a resistance at $60 (red) and a $50 support (green). At some point
one of those levels will have to break.
The Tale of the Tape: UAL is trading inside a
trading range. The possible long positions on the stock would be either
on a pullback to $50 or on a breakout above $60. The ideal short
opportunity would be on a break below $50.
No comments:
Post a Comment