Momentum is building with this Descending Triangle. See the live chart action.
Bearish continuation pattern.
Traders are watching United Rentals (URI) as price action tightens. Currently at $1055.11, the asset is showing downward momentum (-3.31%). The primary technical feature is a Descending Triangle formation. The trend indicator is reading 9.5/100, suggesting moderate momentum. A potential breakout level is identified at $994.86, targeting $812.05 with support near $1177.67 (R:R 1.0).
What is your outlook on URI?