UAL Corporation Breaks Through Resistance To Set Six Week Closing High

Wed. July 23, 2008; Posted: 08:22 AM

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(RTTNews) - UAL Corporation (UAUA | Quote | Chart | News | PowerRating) soared more than 68% on Tuesday after the company secured a $1 billion deal to boost its bottom line, while also reporting a narrower than expected loss. The stock rose throughout the morning, spiking higher on heavy volume around 11:00 am ET. UAUA rose further in the afternoon to close at its intraday high, up $3.42 at $8.41.

With the gain, the stock broke through resistance and crossed its 50-day moving average to set a six week closing high.

For full details on UAL Corp (UAUA) click here. UAL Corp (UAUA) has Short Term PowerRatings of 4. Details on UAL Corp (UAUA) Short Term PowerRatings is available at This Link.

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