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

By David Diaz

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.

Over the past year, Unum Group has traded in a range of $24.71 to $38.29 and is now at $28.93, 17% above that low. The 200-day and 50-day moving averages have moved 0.27% lower and 0.16% higher over the past week, respectively.

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