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Bearish Moving Average Cross by Unum Group (UNM)

By Shiri Gupta

Unum Group (NYSE:UNM) crossed under its 10-day moving average of $36.28 on a volume of 369K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Unum Group share prices have been bracketed by a low of $23.99 and a high of $38.15 and are now at $35.61, 48% above that low price. The 200-day and 50-day moving averages have moved 0.17% lower and 1.50% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Unum Group on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.80. Since that recommendation, shares of Unum Group have risen 32.6%. We continue to monitor UNM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses unum group

Ticker(s): UNM