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Unum Group Set to Possibly Pullback After Yesterday's Rally of 1.13%

By Amy Schwartz

Unum Group (NYSE:UNM) traded in a range yesterday that spanned from a low of $36.38 to a high of $36.59. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $36.52 on volume of 710,000 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, Unum Group share prices have been bracketed by a low of $26.77 and a high of $51.33 and are now at $36.51, 36% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.7%.

SmarTrend recommended that subscribers consider buying shares of Unum Group on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.25. Since that recommendation, shares of Unum Group have risen 15.8%. We continue to monitor UNM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders unum group

Ticker(s): UNM