Watch for Continued Gains in Shares of UnitedHealth (UNH)
Shares of UnitedHealth (NYSE:UNH) traded today at $66.36, breaking its 52-week high. Approximately 284,000 shares have changed hands today, as compared to an average 30-day volume of 5.1 million shares.
UnitedHealth has overhead space with shares priced $66.00, or 5.1% below the average consensus analyst price target of $69.56. UnitedHealth shares have support at the 50-day moving average (MA) of $62.34 and additional support at the 200-day MA of $57.24.
In the past 52 weeks, shares of UnitedHealth have traded between a low of $50.32 and a high of $66.36 and are now at $66.00, which is 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.5%.
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.
SmarTrend recommended that subscribers consider buying shares of UnitedHealth on May 28th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.99. Since that recommendation, shares of UnitedHealth have risen 4.0%. We continue to monitor UNH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows UnitedHealth