Bearish Moving Average Cross by UnitedHealth (UNH)
UnitedHealth (NYSE:UNH) crossed under its 10-day moving average of $137.86 on a volume of 339K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, UnitedHealth has traded in a range of $95.00 to $140.89 and is now at $137.65, 45% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.
SmarTrend recommended that subscribers consider buying shares of UnitedHealth on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $118.53. Since that recommendation, shares of UnitedHealth have risen 16.5%. We continue to monitor UNH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses UnitedHealth