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Watch for Continued Gains in Shares of UnitedHealth (UNH)

By James Quinn

Shares of UnitedHealth (NYSE:UNH) traded at a new 52-week high today of $123.93. Approximately 821,000 shares have changed hands today, as compared to an average 30-day volume of 3.9 million shares.

UnitedHealth has overhead space with shares priced $123.44, or 10.1% below the average consensus analyst price target of $137.35. The stock should find initial support at its 50-day moving average (MA) of $118.07 and further support at its 200-day MA of $106.15.

UnitedHealth share prices have moved between a 52-week high of $123.93 and a 52-week low of $78.74 and are now trading 57% above that low price at $123.44 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.6%.

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 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