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Look for Shares of Unum Group to Potentially Pullback after Yesterday's 1.01% Rise

By James Quinn

Unum Group (NYSE:UNM) traded in a range yesterday that spanned from a low of $38.43 to a high of $39.02. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $38.69 on volume of 924,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Unum Group has traded in a range of $29.79 to $58.73 and is now at $38.87, 30% above that low. The 200-day and 50-day moving averages have moved 0.17% lower and 1.50% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Unum Group on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $48.53. Since that call, shares of Unum Group have fallen 20.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders unum group

Ticker(s): UNM