UnitedHealth Group Incorporated(UNH) is in an downtrend

(27-Mar-2008) (27-Mar-2008) UnitedHealth Group Incorporated(UNH) closed at 34.1, down -1.18 or -3.34 % 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 46.34 (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 7-Mar-2008, about 14 trading days ago.