Bullishcharts

$URI Awaiting Breakout In United Rentals.

NYSE:URI   United Rentals, Inc.

URI had recently broken to new highs but was hindered by the
most recent decline in the markets.
URI is for sure a election play, with infrastructure spending used to woo voters.
Its also benefits from the thriving Housing market.
The commodities surge also signals growth ahead.
Local Fibonacci price targets as per the chart, with 3 particular levels of interest.
Looks like a Bull-Flag is forming, a break out from that structure show see buyers.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.