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After Yesterday's Rally of 2.44% Shares Could Potentially Pullback

By James Quinn

Unum Group (NYSE:UNM) traded in a range yesterday that spanned from a low of $48.34 to a high of $49.82. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $48.97 on volume of 482,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Unum Group share prices have been bracketed by a low of $29.79 and a high of $50.27 and are now at $49.60, 66% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Unum Group on June 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.78. Since that recommendation, shares of Unum Group have risen 3.6%. We continue to monitor UNM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders unum group

Ticker(s): UNM