Unitedhealth Group, Inc.(UNH) is in an downtrend but momentum is showing some life

(23-May-2008) (23-May-2008) Unitedhealth Group, Inc.(UNH) closed at 33.82, down -0.13 or -0.38 % today. Based on our analysis, Unitedhealth Group, Inc.(UNH) is in an downtrend but momentum is showing some life.

The closing price of Unitedhealth Group, Inc.(UNH) is below its 50 day moving average of 34.54 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Unitedhealth Group, Inc.(UNH) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 8-May-2008, about 20 trading days ago.