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Bullish Moving Average Cross by Unum Group (UNM)

By Nick Russo

Unum Group (NYSE:UNM) crossed over its 10-day moving average of $36.13 on a volume of 788K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Unum Group share prices have moved between a 52-week high of $38.15 and a 52-week low of $23.99 and are now trading 52% above that low price at $36.52 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Unum Group on July 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.49. Since that recommendation, shares of Unum Group have risen 5.5%. 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