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UnitedHealth: The Winning Streak Continues (UNH)

By Nick Russo

UnitedHealth (NYSE:UNH) traded at a new 52-week high today of $179.92. This new high was reached on below average trading volume as 386,000 shares traded hands, while the average 30-day volume is approximately 3.4 million shares.

Potential upside of 3.3% exists for UnitedHealth, based on a current level of $179.35 and analysts' average consensus 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 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.

Over the past year, UnitedHealth has traded in a range of $95.00 to $179.92 and is now at $179.35, 89% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

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