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Recent 52-Week Low Surpassed in Shares of Unum Group (UNM)

By David Diaz

Shares of Unum Group (NYSE:UNM) traded at a new 52-week low today of $34.82. So far today approximately 411,000 shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.

Unum Group provides group disability and special risk insurance. The Company provides disability insurance, group life insurance, and payroll-deducted voluntary benefits offered to employees at their worksites.

There is potential upside of 51.0% for shares of Unum Group based on a current price of $34.82 and an average consensus analyst price target of $52.58. Unum Group shares should first meet resistance at the 50-day moving average (MA) of $38.09 and find additional resistance at the 200-day MA of $47.32.

Unum Group share prices have moved between a 52-week high of $58.73 and the current low of $34.82 and are currently at $34.82 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.4%.

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 25.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows unum group

Ticker(s): UNM