UnitedHealth Group Incorporated(UNH) is in an downtrend

(29-Jan-2008) (29-Jan-2008) UnitedHealth Group Incorporated(UNH) closed at 50.78, down -1.22 or -2.35 % today. Based on our analysis, UnitedHealth Group Incorporated(UNH) is in an downtrend.

The closing price of UnitedHealth Group Incorporated(UNH) is below its 50 day moving average of 55.33 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that UnitedHealth Group Incorporated(UNH) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 27-Dec-2007, about 23 trading days ago.