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United Rentals Inc. (URI) Rose Past Resistance At The Highs After Q1 Report

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4/19/2012 6:59 AM ET

United Rentals Inc. (URI: Quote) reported first quarter adjusted EPS of $0.36 after the close Tuesday, compared to the loss of $0.32 in the prior year period. The consensus estimate was for EPS of $0.05.

United Rentals gapped up sharply Wednesday and climbed further around midday. The stock closed higher by 4.84 at $45.75, with volume at a 4-month high. United Rentals rose above resistance and set a new high for the year.

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by RTT Staff Writer

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