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United Natural Rises 2.41% on Heavy Volume: Watch For Potential Pullback

By James Quinn

United Natural (NASDAQ:UNFI) traded in a range yesterday that spanned from a low of $42.95 to a high of $43.89. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $43.36 on volume of 190,000 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, United Natural share prices have been bracketed by a low of $29.53 and a high of $52.69 and are now at $43.84, 48% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend is tracking the current trend status for United Natural and will alert subscribers who have UNFI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders united natural

Ticker(s): UNFI