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Watch for Unum Group to Potentially Pullback After Gaining 1.01% Yesterday

By Amy Schwartz

Unum Group (NYSE:UNM) traded in a range yesterday that spanned from a low of $38.43 to a high of $39.02. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $38.69 on volume of 924,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Unum Group share prices have moved between a 52-week high of $58.73 and a 52-week low of $29.79 and are now trading 30% above that low price at $38.87 per share. The 200-day and 50-day moving averages have moved 0.17% lower and 1.50% higher over the past week, respectively.

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 20.7%. 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