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SmarTrend Watching for Potential Rebound in Shares of Unum Group After 1.78% Loss

By Nick Russo

Unum Group (NYSE:UNM) traded in a range yesterday that spanned from a low of $25.94 to a high of $26.25. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $26.42 on volume of 994,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Unum Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Unum Group in search of a potential trend change.

In the past 52 weeks, shares of Unum Group have traded between the current low of $25.94 and a high of $40.76 and are now at $26.07. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.

Keywords: rebounders unum group

Ticker(s): UNM