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UnitedHealth Bearish Moving Average Crossover Alert (UNH)

By Shiri Gupta

Today, shares of UnitedHealth (NYSE:UNH) have fallen below their 10-day MA of $142.58 on a volume of 347K 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, shares of UnitedHealth have traded between a low of $95.00 and a high of $144.48 and are now at $142.48, which is 50% above that low price. Over the last five market days, 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 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 20.4%. 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