Unum Group: Watch This Technical Support
InTheMoneyStocks.com | Jun 11, 2018 12:49PM ET
Unum Group (NYSE:UNM) topped out in early January 2018 at $58.73. Since that peak the stock has plunged to $39.31 a share. Traders and investors should note that the stock is trading below its important 50- and 200-day moving averages. This chart formation will usually signal further downside for the stock. Watch the $35 for major support on the charts. This important support level is where the stock broke out in November 2016. Often, prior breakout level will serve as major support when retested. This is a level where I will be interested in trading UNM stock on the long side.
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