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

By James Quinn

UnitedHealth (NYSE:UNH) traded today at a new 52-week high of $128.88. So far today approximately 579,000 shares have been exchanged, as compared to an average 30-day volume of 3.4 million shares.

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.

In the past 52 weeks, UnitedHealth share prices have been bracketed by a low of $95.00 and a high of $128.88 and are now at $128.37, 35% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.75% higher over the past week, respectively.

There is potential upside of 10.5% for shares of UnitedHealth based on a current price of $128.37 and an average consensus analyst price target of $141.80. The stock should find initial support at its 200-day moving average (MA) of $118.11 and further support at its 50-day MA of $117.39.

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 8.0%. 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