A New Short-term Trading Range Below $14.62 Has Begun
Thursday, May 06,2010, 4:54:24 PM Click:
Universal American (NYSE:UAM) traded in a range yesterday that spanned from a low of $14.37 to a high of $14.78. Yesterday's low of the day pierced the 3-day low of $14.62 on volume of 174,000 shares.
Shares of Universal American have been range bound for the past 3-days between a high of $16.00 and a low of $14.62 and have traded with a 30-day average daily volume of 228,000 shares.
Look for shares of UAM to trade within a new lower trading range with resistance at $14.62 and move along with its peers in the Accident, Life & Health Insurance SmarTrend industry.
SmarTrend is bullish on shares of Universal American and our subscribers were alerted to Buy on November 24, 2009 at $10.41. The stock has risen 39.4% since the alert was issued.
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