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United Continental Poised To End 4-Day Skid

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United Continental Holdings Inc (NYSE: UAL) shares are trading higher by $1.45 at $68.00 in Wednesday's session.

The issue has been under selling pressure since March 3, when it ended that session at $75.59. More recently, it has been on four-day losing streak that has taken it from its March 8 close ($73.44) to as low as $64.32 in today's session. That low comes in just below its November 15 low ($64.90), but above its November 15 low ($63.47).

Despite revealing in an 8-K before the open that the company forecasts an increased outlook, United's stock opened sharply lower but quickly bottomed at $64.32.

So far, the vicious rebound off the lows has taken the issue to $68.25. If the rally continues, it could reach Tuesday's high, which was $69.42.

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