UnitedHealth Bullish Moving Average Crossover Alert (UNH)
Today, shares of UnitedHealth (NYSE: UNH) have crossed bullishly above their 10-day moving average of $33.56 on volume of 2 million shares.
This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation.
SmarTrend issued an Uptrend Alert for UnitedHealth on November 03, 2009 at $26.63. In approximately 4 months, UnitedHealth has returned 26.7% as of today's recent price of $33.73.
We will continue to monitor UNH's share price relative to this moving average.
Write to Chip Brian at cbrian@tradethetrend.com
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