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Unum Group Bullish Moving Average Crossover Alert (UNM)

By Amy Schwartz

Today, shares of Unum Group (NYSE:UNM) have advanced above their 10-day MA of $32.47 on a volume of 553K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Unum Group has traded in a range of $23.99 to $38.15 and is now at $33.42, 39% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Unum Group on June 13th, 2016 by issuing a Downtrend alert when the shares were trading at $34.61. Since that call, shares of Unum Group have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses unum group

Ticker(s): UNM