The Breakout for Today: URI

Hello my Investors, Traders and Readers friends. Yesterday, the market experienced a slight fall. The information on unemployment in the U.S., the trade deficit in Japan and the persistent problems in the euro area appear to have affected the mood of investors. However, sources a quiet session with no signs of panic or euphoria. Trading volume remained very low. There is a feeling that the market is waiting to happen "something" that would trigger a more aggressive move up or down. I come from keeping a few weeks ago that the market is "technically" overbought. It is very likely to experience a correction soon. An interesting aspect that could be seen yesterday, was the behavior of certain "technical indicators". Despite the low volume of shares traded and the slight movement of the major indices, our main internal indicators experienced movements against the market's advance.
Meanwhile, I want to show to United Rentals Inc. (URI). The stock closed yesterday at U.S. $ 37.87, showing a rise of 8.92%. Its volume exceeds 7 million shares, more than double of what is traded daily. However, the most important behavior is the breakout yesterday URI did. The significance of this is much better appreciated on a chart like that are presented below, in a weekly frame. This stock has great potential ahead.