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Unum Group: 52-Week High Recently Eclipsed (UNM)

By Nick Russo

Shares of Unum Group (NYSE:UNM) traded today at $34.96, breaking its 52-week high. This new high was reached on below average trading volume as 363,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

Unum Group (NYSE:UNM) defies analysts with a current price ($34.95) 1.3% above its average consensus price target of $34.50. The stock should discover initial support at its 50-day moving average (MA) of $32.95 and subsequent support at its 200-day MA of $30.14.

Unum Group provides group disability and special risk insurance. The Company provides disability insurance, group life insurance, and payroll-deducted voluntary benefits offered to employees at their worksites. Unum operates operates in the United States, the United Kingdom, and, to a limited extent, in certain other countries around the world.

Over the past year, Unum Group has traded in a range of $20.40 to $34.96 and is now at $34.95, 71% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Unum Group on September 10th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.96. Since that recommendation, shares of Unum Group have risen 12.3%. We continue to monitor UNM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows unum group

Ticker(s): UNM