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

By Amy Schwartz

UnitedHealth (NYSE:UNH) traded today at a new 52-week high of $182.37. Approximately 628,000 shares have changed hands today, as compared to an average 30-day volume of 3.4 million shares.

UnitedHealth has overhead space with shares priced $182.01, or 1.7% below the average consensus analyst price target of $185.20. The stock should discover initial support at its 50-day moving average (MA) of $127.45 and subsequent support at its 200-day MA of $119.49.

UnitedHealth share prices have moved between a 52-week high of $182.37 and a 52-week low of $95.00 and are now trading 92% above that low price at $182.01 per share. 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%.

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