Chart of the Day: Don’t Fall Asleep on United Rentals
Even though transport-related names overall have not lived up to expectations, United Rentals ($URI) has been a stellar performer, rising up on strong earnings last go ’round (see the gap) and making higher highs and higher lows along the way.
The strongest stocks in the market just keep getting better, and the best stocks barely give you a chance to get onboard. That can be a problem if you’re not paying attention. Many had fallen asleep on United Rentals in March, not realizing there was potentially a powerful move on the horizon.
Now that the stock is near all-time highs, what’s next? We think the stock is poised for another run higher, especially after this brief consolidation period. A tight base flagged in the higher end of the zone tells us big money remains in the stock. That is important to know, with URI up nearly 18% in 2026 and looking for more upside.
MACD just rolled down but again that is more a symptom of the strong momentum slowing down, it really is not bearish. Money flows and stochastics are also taking a rest, but you see candles are blue, which says price action is bullish.
A bit more sideways work and then we let the stock make the next call. It should be much higher.
We like United Rentals in TheStreet Pro Portfolio and rate it a Two, or “stockpile on pullbacks.”
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At the time of publication, TheStreet Pro Portfolio was long URI.
