• Return to Headlines

Unum Group Crosses Below its 10-day MA (UNM)

By James Quinn

Today, shares of Unum Group (NYSE:UNM) have crossed bearishly below their 10-day moving average of $39.01 on a volume of 162K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Unum Group share prices have moved between a 52-week high of $58.73 and a 52-week low of $36.91 and are now trading 4% above that low price at $38.47 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Unum Group on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $48.53. Since that call, shares of Unum Group have fallen 19.3%. 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