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UnitedHealth Bearish Moving Average Crossover Alert (UNH)

By Nick Russo

Today, shares of UnitedHealth (NYSE:UNH) have crossed bearishly below their 10-day moving average of $169.46 on a volume of 490K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, UnitedHealth share prices have been bracketed by a low of $95.00 and a high of $172.14 and are now at $168.37, 77% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of UnitedHealth on November 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $146.76. Since that recommendation, shares of UnitedHealth have risen 15.6%. We continue to monitor UNH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses UnitedHealth

Ticker(s): UNH