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Watch for Continued Gains in Shares of UnitedHealth (UNH)

By James Quinn

UnitedHealth (NYSE:UNH) traded today at a new 52-week high of $173.16. So far today approximately 401,000 shares have been exchanged, as compared to an average 30-day volume of 3.4 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.

UnitedHealth (NYSE:UNH) has potential upside of 7.4% based on a current price of $172.40 and analysts' consensus price target of $185.20. The stock should find initial support at its 50-day moving average (MA) of $127.45 and further support at its 200-day MA of $119.49.

In the past 52 weeks, shares of UnitedHealth have traded between a low of $95.00 and a high of $173.16 and are now at $172.40, which is 81% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.2%.

SmarTrend is monitoring the recent change of momentum in UnitedHealth. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of UnitedHealth in search of a potential trend change.

Keywords: 52 week high/lows UnitedHealth

Ticker(s): UNH