Monday, June 11, 2018 12:01:07 PM
Unum Group (NYSE:UNM) provides group and individual disability insurance and group life insurance mainly in the United States and United Kingdom. This stock topped out in early January 2018 at $58.73. Since that peak in the share price 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. Trader should now look at the $35.00 area 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.
Nicholas Santiago
InTheMoneyStocks
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