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UnitedHealth: 52-Week High Recently Eclipsed (UNH)

By Nick Russo

Shares of UnitedHealth (NYSE:UNH) traded at a new 52-week high today of $142.47. Approximately 522,000 shares have changed hands today, as compared to an average 30-day volume of 3.4 million shares.

UnitedHealth has overhead space with shares priced $141.63, or 0.1% below the average consensus analyst price target of $141.80. 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 share prices have moved between a 52-week high of $142.47 and a 52-week low of $95.00 and are now trading 49% above that low price at $141.63 per share. The 200-day and 50-day moving averages have moved 0.15% higher and 0.77% higher over the past week, respectively.

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 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 19.4%. 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