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Bullish Moving Average Cross by UnitedHealth (UNH)

By James Quinn

UnitedHealth (NYSE:UNH) shares have crossed bullishly above their 10-day moving average of $127.72 on a volume of 438K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of UnitedHealth have traded between a low of $95.00 and a high of $131.11 and are now at $128.10, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

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 7.0%. We continue to monitor UNH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses UnitedHealth

Ticker(s): UNH