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Look for Shares of Unitedhealth Grp to Potentially Rebound after Yesterday's 4.70% Sell Off

By Shiri Gupta

Unitedhealth Grp (NYSE:UNH) traded in a range yesterday that spanned from a low of $265.32 to a high of $274.81. Yesterday, the shares fell 4.7%, which took the trading range below the 3-day low of $276.91 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Unitedhealth Grp on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $238.88. Since that recommendation, shares of Unitedhealth Grp have risen 16.6%. We continue to monitor UNH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Unitedhealth Grp share prices have been bracketed by a low of $208.48 and a high of $287.94 and are now at $278.55, 34% above that low price. The 200-day and 50-day moving averages have moved 0.33% higher and 0.34% higher over the past week, respectively.

Keywords: rebounders unitedhealth grp

Ticker(s): UNH