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United Continental Holdings - Daily - Technicals only

By Minipip
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United Airlines is a major airline in the USA. Technical chart only.

United Airlines, Inc. is a major American airline headquartered in Illinois. United operates a large domestic and international route network spanning cities large and small across the United States and all six continents. Earnings are due today and pre-market prices are up 0.2%.

From a technical aspect, United looks mixed. While the uptrend is clearly present, momentum is shifted towards the downside at current. The stock trades in the lower Bollinger band with MACD also trending lower, which could suggest the stock may fall further, before long. Initial support does it at $53.99 followed by $49.77 and then the trend-line low of $47.35. To the upside, initial resistance/targets are $57.21 followed by $60.44 and then $64.83. Overtime, United will most likely recover but in the short term, further declines could allow better buy-in prices. Until the trend-line low of $47 is broken, upside is favourable, but at lower levels.

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