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UnitedHealth Bearish Moving Average Crossover Alert (UNH)

By Nick Russo

UnitedHealth (NYSE:UNH) crossed under its 10-day moving average of $179.38 on a volume of 901K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, UnitedHealth has traded in a range of $95.00 to $183.76 and is now at $176.54, 86% above that low. 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 May 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $175.31. Since that recommendation, shares of UnitedHealth have risen 3.5%. 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