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UnitedHealth: The Winning Streak Continues (UNH)

By James Quinn

UnitedHealth (NYSE:UNH) traded today at a new 52-week high of $125.60. Approximately 2.3 million shares have changed hands today, as compared to an average 30-day volume of 4.8 million shares.

Over the past year, UnitedHealth has traded in a range of $78.74 to $125.60 and is now at $125.29, 59% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

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 has overhead space with shares priced $125.29, or 8.8% below the average consensus analyst price target of $137.35. The stock should find initial support at its 50-day moving average (MA) of $119.22 and further support at its 200-day MA of $108.23.

SmarTrend recommended that subscribers consider buying shares of UnitedHealth on May 18th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $119.41. Since that recommendation, shares of UnitedHealth have risen 4.7%. 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