UnitedHealth Looks to Continue to Trade Above its Annual-High Share Price Today
UnitedHealth (NYSE:UNH) traded today at a new 52-week high of $65.82. Approximately 393,000 shares have changed hands today, as compared to an average 30-day volume of 5.2 million shares.
UnitedHealth has overhead space with shares priced $65.75, or 5.5% below the average consensus analyst price target of $69.56. The stock should discover initial support at its 50-day moving average (MA) of $61.92 and subsequent support at its 200-day MA of $56.83.
In the past 52 weeks, UnitedHealth share prices have been bracketed by a low of $50.32 and a high of $65.82 and are now at $65.75, 31% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.
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 recommended that subscribers consider buying shares of UnitedHealth on May 28th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.99. Since that recommendation, shares of UnitedHealth have risen 4.3%. 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