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Watch for Unitedhealth Grp to Potentially Pullback After Gaining 1.78% Yesterday

By Shiri Gupta

Unitedhealth Grp (NYSE:UNH) traded in a range yesterday that spanned from a low of $242.35 to a high of $251.15. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $248.62 on volume of 1.5 million 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 Unitedhealth Grp have traded between a low of $208.07 and a high of $287.94 and are now at $249.89, which is 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Unitedhealth Grp on April 26th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $234.15. Since that recommendation, shares of Unitedhealth Grp have risen 4.9%. We continue to monitor UNH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders unitedhealth grp

Ticker(s): UNH