Key Takeaways
- United shares stabilized Friday after several days of turbulent price swings as investors asses what impact economic uncertainty will have on the airline’s outlook.
- The stock ran into selling pressure near the upper trendline of a descending broadening formation and 200-day moving average during Wednesday’s rally that saw the stock register its highest daily volume since October last year.
- Investors should monitor major support levels on United’s chart around $56 and $48, while also watching crucial resistance levels near $81 and $91.
United Airlines (UAL) shares stabilized Friday after several days of turbulent price swings as investors asses what impact economic uncertainty will have on the airline’s outlook.
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