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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 $33.91 on a volume of 229K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Unum Group have traded between a low of $23.99 and a high of $38.15 and are now at $33.27, which is 39% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Unum Group on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.80. Since that recommendation, shares of Unum Group have risen 23.2%. We continue to monitor UNM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses unum group

Ticker(s): UNM