UnitedHealth: 52-Week High Recently Eclipsed (UNH)
UnitedHealth (NYSE:UNH) traded at a new 52-week high today of $72.20. So far today approximately 483,000 shares have been exchanged, as compared to an average 30-day volume of 5.4 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.
UnitedHealth (NYSE:UNH) is currently priced 0.1% above its average consensus analyst price target of $71.90. The stock should discover initial support at its 50-day moving average (MA) of $64.50 and subsequent support at its 200-day MA of $58.12.
Over the past year, UnitedHealth has traded in a range of $50.32 to $72.20 and is now at $72.00, 43% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.5%.
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 13.4%. 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