Recent 52-Week High Exceeded in Shares of UnitedHealth (UNH)
UnitedHealth (NYSE:UNH) traded today at a new 52-week high of $74.79. So far today approximately 540,000 shares have been exchanged, as compared to an average 30-day volume of 3.4 million shares.
In the past 52 weeks, shares of UnitedHealth have traded between a low of $51.09 and a high of $74.79 and are now at $74.61, which is 46% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.5%.
Based on a current price of $74.61, UnitedHealth is currently 3.6% above its average consensus analyst price target of $71.90. The stock should find initial support at its 50-day moving average (MA) of $71.21 and further support at its 200-day MA of $61.22.
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.
SmarTrend recommended that subscribers consider buying shares of UnitedHealth on May 28th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.99. Since that recommendation, shares of UnitedHealth have risen 18.5%. 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