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Jan 15, 2019 9:33 AM

UNM Approaching Resistance, Potential Drop!  Short

Unum GroupNYSE

Description

UNM is approaching our first resistance at 34.40 (horizontal pulllback resistance, 23.6%, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 30.62 (50% fiboancci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
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