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Unum Group Rises 2.33% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Unum Group (NYSE:UNM) traded in a range yesterday that spanned from a low of $36.22 to a high of $37.16. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $36.10 on volume of 775,000 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, shares of Unum Group have traded between a low of $34.57 and a high of $58.73 and are now at $36.81, which is 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Unum Group on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $48.53. Since that call, shares of Unum Group have fallen 25.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders unum group

Ticker(s): UNM