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UnitedHealth Bullish Moving Average Crossover Alert (UNH)

By Amy Schwartz

Today, shares of UnitedHealth (NYSE:UNH) have crossed bullishly above their 10-day moving average of $130.78 on a volume of 816K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, UnitedHealth has traded in a range of $95.00 to $135.11 and is now at $131.40, 38% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.2%.

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 9.7%. 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