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Look for Shares of Unitedhealth Grp to Potentially Pullback after Yesterday's 1.78% Rise

By James Quinn

Unitedhealth Grp (NYSE:UNH) traded in a range yesterday that spanned from a low of $242.35 to a high of $251.15. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $248.62 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Unitedhealth Grp on April 26th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $234.15. Since that recommendation, shares of Unitedhealth Grp have risen 4.9%. We continue to monitor UNH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Unitedhealth Grp has traded in a range of $208.07 to $287.94 and is now at $249.89, 20% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders unitedhealth grp

Ticker(s): UNH