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Look for Shares of Unitedhealth Grp to Potentially Pullback after Yesterday's 1.32% Rise

By David Diaz

Unitedhealth Grp (NYSE:UNH) traded in a range yesterday that spanned from a low of $289.36 to a high of $292.50. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $292.29 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, Unitedhealth Grp share prices have been bracketed by a current low of $0.00 and a high of $306.71 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

Keywords: rebounders unitedhealth grp

Ticker(s): UNH