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Unitedhealth Grp Rises 1.97% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Unitedhealth Grp (NYSE:UNH) traded in a range yesterday that spanned from a low of $226.35 to a high of $228.80. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $226.13 on volume of 1.4 million 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, shares of Unitedhealth Grp have traded between a low of $132.39 and a high of $250.79 and are now at $228.38, which is 73% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

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

Keywords: rebounders unitedhealth grp

Ticker(s): UNH