Long Position on UAL @ $88.65 on 11/5/2018 (Momentum)

United Continental Holdings, Inc. (UAL) 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 and regional operations.

As of December 31, 2017, the company operated a fleet of 1,262 aircraft. It also sells fuel; and offers catering, ground handling, and maintenance services for third parties.

The company was formerly known as UAL Corporation and changed its name to United Continental Holdings, Inc. in October 2010. Shares have formed a bullish "double bottom" (shown in blue) and are expected to move higher out of this formation. The 50-day moving average (shown in brown) is acting as a support for the formation.

Entry Point:  $88.65

Stop Loss:  $84.20

Trading Range:  $56.51 - $91.39

Target Price:  $97.50

Updates

2/12/2019 12:20:46 PM

UAL closed at $89.80

Position closed on 2/12/2019 at price of $89.80 with a 1.30% gain in 99 days.

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