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Bullish Moving Average Cross by Unum Group (UNM)

By Amy Schwartz

Today, shares of Unum Group (NYSE:UNM) have crossed bullishly above their 10-day moving average of $36.42 on a volume of 259K 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, Unum Group share prices have been bracketed by a low of $34.57 and a high of $58.73 and are now at $36.58, 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Unum Group on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $48.53. Since that call, shares of Unum Group have fallen 25.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses unum group

Ticker(s): UNM