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Unum Group Falls 5.09% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Unum Group (NYSE:UNM) traded in a range yesterday that spanned from a low of $28.81 to a high of $29.00. Yesterday, the shares fell 5.1%, which took the trading range below the 3-day low of $28.92 on volume of 65,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Unum Group share prices have been bracketed by a low of $24.71 and a high of $38.29 and are now at $28.93, 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.3%.

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

Keywords: rebounders unum group

Ticker(s): UNM