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

By Shiri Gupta

Shares of UnitedHealth (NYSE:UNH) traded at a new 52-week high today of $133.00. So far today approximately 1.2 million shares have been exchanged, as compared to an average 30-day volume of 3.2 million shares.

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.

UnitedHealth (NYSE:UNH) has potential upside of 7.1% based on a current price of $132.39 and analysts' consensus price target of $141.80. UnitedHealth shares have support at the 50-day moving average (MA) of $123.31 and additional support at the 200-day MA of $118.86.

UnitedHealth share prices have moved between a 52-week high of $133.00 and a 52-week low of $95.00 and are now trading 39% above that low price at $132.39 per share. Over the past week, the 200-day moving average (MA) has remained constant 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 10.1%. We continue to monitor UNH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows UnitedHealth

Ticker(s): UNH