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UnitedHealth Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Shares of UnitedHealth (NYSE:UNH) traded at a new 52-week high today of $144.75. So far today approximately 986,000 shares have been exchanged, as compared to an average 30-day volume of 3.4 million shares.

Over the past year, UnitedHealth has traded in a range of $95.00 to $144.75 and is now at $144.58, 52% 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%.

Based on a current price of $144.58, UnitedHealth is currently 1.9% above its average consensus analyst price target of $141.80. The stock should find initial support at its 50-day moving average (MA) of $127.45 and further support at its 200-day MA of $119.49.

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.

SmarTrend is monitoring the recent change of momentum in UnitedHealth. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of UnitedHealth in search of a potential trend change.

Keywords: 52 week high/lows UnitedHealth

Ticker(s): UNH