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United Rentals (URI) Base Breakout

United Rentals (URI) Base Breakout

by | Feb 10, 2022 | Chart SetUps

United Rentals (URI) jumping higher yesterday and clearing the 55-EMA and positioned well for a base breakout above VWAP from the November highs. A move above $337.50 can run to $360.50 and the top of the prior multi-week balance. Shares are hitting the ‘ready to run’ scan with some small relative strength recently. The weekly has underperformed since November but starting to turn a corner.