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Watch for Shares of Unum Group (UNM) to Approach Resistance at $30.10

By Shiri Gupta

Shares of Unum Group (NYSE:UNM) opened today above their pivot of $29.05 and have already reached the first level of resistance at $29.71. Should the shares continue to rise, the resistance pivots of $30.10 and $31.15 will be of interest.

In the past 52 weeks, Unum Group share prices have been bracketed by a low of $24.71 and a high of $40.76 and are now at $29.32, 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.7% while the 200-day MA has slid 0.7%.

Unum Group has overhead space with shares priced $29.32, or 44.2% below the average consensus analyst price target of $52.58. Unum Group shares should first meet resistance at the 50-day moving average (MA) of $29.95 and find additional resistance at the 200-day MA of $33.16.

SmarTrend is monitoring the recent change of momentum in Unum Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Unum Group in search of a potential trend change.

Keywords: pivot alerts unum group

Ticker(s): UNM