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Watch for Unitedhealth Grp to Potentially Rebound After Falling 4.32% Yesterday

By James Quinn

Unitedhealth Grp (NYSE:UNH) traded in a range yesterday that spanned from a low of $220.25 to a high of $226.90. Yesterday, the shares fell 4.3%, which took the trading range below the 3-day low of $220.77 on volume of 14.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Unitedhealth Grphas traded in a range of $220.60 to $287.94 and are now at $221.61. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.

SmarTrend is tracking the current trend status for Unitedhealth Grp and will alert subscribers who have UNH in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders unitedhealth grp

Ticker(s): UNH