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Watch for Continued Gains in Shares of Unitedhealth Grp (UNH)

By Nick Russo

Unitedhealth Grp (NYSE:UNH) traded today at a new 52-week high of $256.99. Approximately 203,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.

Over the past year, Unitedhealth Grp has traded in a range of $183.86 to $256.99 and is now at $256.70, 40% above that low. The 200-day and 50-day moving averages have moved 0.54% higher and 0.57% higher over the past week, respectively.

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 Grp (NYSE:UNH) has potential upside of 7.1% based on a current price of $256.70 and analysts' consensus price target of $274.83. The stock should discover initial support at its 50-day moving average (MA) of $246.19 and subsequent support at its 200-day MA of $227.23.

SmarTrend is tracking the current trend status for Unitedhealth Grp and will alert subscribers who have UNH in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows unitedhealth grp

Ticker(s): UNH