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Recent 52-Week High Exceeded in Shares of UnitedHealth (UNH)

By Shiri Gupta

UnitedHealth (NYSE:UNH) traded today at a new 52-week high of $183.76. This new high was reached on below average trading volume as 397,000 shares traded hands, while the average 30-day volume is approximately 3.4 million shares.

UnitedHealth has overhead space with shares priced $183.14, or 1.1% below the average consensus analyst price target of $185.20. UnitedHealth shares have support at the 50-day moving average (MA) of $127.45 and additional support at the 200-day MA of $119.49.

UnitedHealth Group Incorporated owns and manages organized health systems in the United States and internationally. The Company provides employers products and resources to plan and administer employee benefit programs. UnitedHealth also serves the health needs of older Americans, provides specialized care services, and provides health care information and research to providers and payers.

UnitedHealth share prices have moved between a 52-week high of $183.76 and a 52-week low of $95.00 and are now trading 93% above that low price at $183.14 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of UnitedHealth on May 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $175.31. Since that recommendation, shares of UnitedHealth have risen 4.5%. We continue to monitor UNH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows UnitedHealth

Ticker(s): UNH