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Watch for Continued Gains in Shares of UnitedHealth (UNH)

By Amy Schwartz

Shares of UnitedHealth (NYSE:UNH) traded at a new 52-week high today of $81.08. So far today approximately 1.4 million shares have been exchanged, as compared to an average 30-day volume of 4.7 million shares.

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.

There is potential upside of 2.4% for shares of UnitedHealth based on a current price of $81.08 and an average consensus analyst price target of $83.00. The stock should discover initial support at its 50-day moving average (MA) of $74.32 and subsequent support at its 200-day MA of $71.67.

UnitedHealth share prices have moved between a 52-week high of $81.08 and a 52-week low of $54.23 and are now trading 50% above that low price at $81.08 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

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

Keywords: 52 week high/lows UnitedHealth

Ticker(s): UNH