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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 $47.21 on a volume of 128K 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, shares of Unum Group have traded between a low of $29.79 and a high of $58.73 and are now at $47.08, which is 58% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.5%.

SmarTrend is tracking the current trend status for Unum Group and will alert subscribers who have UNM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses unum group

Ticker(s): UNM