Technical Briefing on Hertz Global, United Rentals, Avis Budget, and Ryder System

Apr 08, 2013, 08:00 ET from

LONDON, April 8, 2013 /PRNewswire/ --

Markets ended their seesaw week on a fairly negative note. The indices felt the negative impact of weak job data numbers and political unrest. S&P 500 lost 1.01 percent over the week and stood at 1,553.28. We took a look at the services sector where rental service companies bucked the trend and remained positive. We followed companies like Hertz Global Holdings Inc. (NYSE: HTZ), United Rentals Inc. (NYSE: URI), Avis Budget Group Inc. (NASDAQ: CAR), and Ryder System Inc. (NYSE: R). StockCall has posted free technical research reports on HTZ, URI, CAR, and R and these can be accessed by signing up at

Hertz Global Holdings Inc. closed its Friday's session at $22.56, up 0.58 percent. The stock is currently in a bullish mode and may touch $23.54 level in the coming days. Upon breaching this level, the stock's next resistance price is at $23.80. It has traded 8.77 million shares while its regular trading volume stood at 8.50 million. Hertz Global's stock is highly volatile with its beta at 2.58. So far in 2013, the stock appreciated 42.6 percent. Its 52 weeks gain stands at 48.03 percent. The stock has traded in the range of $10.22 and $24.02 during the said time period. Download the free report on HTZ upon registration at

United Rentals Inc. extended its 52-week gain by closing 1.91 percent higher. The stock ended its Friday's session at $51.85, while its highest price point for the session stood at $51.97. It traded 2.49 million shares, up from its average daily volume of 2.03 million. United Rentals Inc. traded in the range of $48.47 and $51.97 in the past 52 weeks. The company commands market capitalization of $4.85 billion, and it reported its latest EPS at $0.60. United Rentals' stock gained 21 percent in the past 52 weeks while its YTD gain stands at 21.37 percent. URI technical report can be accessed for free by signing up at

Avis Budget Group Inc. moved up in Friday's session. The stock closed 0.18 percent higher at $27.28 with below average volume of 2.02 million shares, showing a bullish trend. Avis Budget has its first support level at $25.12. Upon breaching this level, its next support level is at $24.56. The company is currently trading near its 52-week high of $29.53, while its 52-week low stands at $11.93. The company commands market capitalization of $2.94 billion. Avis Budget is also trading above its short-term and long-term average price, further confirming its bullish trend. Free report on CAR can be accessed by registering at

Ryder System Inc. closed its latest trading session at $57.83, up 0.57 percent from its previous close. The stock traded in the range of $55.59 and $57.96 in Friday's session and traded 1.19 million shares. It is likely to face its first resistance level at $58.83 and upon breaching this level the stock may go up to $61.37. On the downside, Ryder System may tumble to $57.05 level. The stock is highly volatile as it sports the beta of 1.68. Thus far in 2013, it gained 1.68 percent whereas in the past 52 weeks it gained 8.3 percent of its value. The stock is in a bullish mode. Register with StockCall and download the research on R for free at

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