Skip to main content


United Continental Holdings Inc. had a sharp rise from $3.07 in July 2009 to $29.75 (U.S.) in October 2010 (A-B) and declined to form a bullish "W" formation (C-D-E-F). The recent rise to $27.22 (F) signalled the breakout from this formation and the start of a new up-leg toward higher targets. Only a decline below the 40-week Moving Average (40wMA – currently at around $22) would reverse the current long-term positive status.

Point & Figure measurements provide targets of $29 and $34 (10-per-cent and 29-per-cent appreciation potentials from current levels). The large "W" formation (dotted lines) supports higher targets.

Monica Rizk is the senior technical analyst for Phases & Cycles Inc. ( Ron Meisels is a contributor to the website and Tweets at @Ronsbriefs. They may hold shares in companies profiled. Please see the site for a glossary.

Story continues below advertisement

Report an error Editorial code of conduct
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to If you want to write a letter to the editor, please forward to