United Continental Holdings Tests Resistance After Q4 Report

United Continental Holdings

shares are trading higher by $0.26 at $46.38 in Thursday's session. Before the open, the company announced a Q4 miss for EPS of $0.08 with a $74M in revenues. After a flat open, it spiked to $44.25 before reversing course. The ensuing rebound has found resistance a familiar area. In two of its three previous trading session, it peaked in a narrow area between $46.59 and $46.97. So far, today's rally has been capped at the lower of the range, reaching $46.66, before falling back under $46.