Long | UNMNYSE:UNM
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%,
TP ~29
CALLS for 21 May Strike 30$
LongUNM
Long
UNM Unum Group - one of the safest betsUnum Group is engaged in providing financial protection benefits. It operates through the following segments: Unum U.S., Unum UK, Colonial Life, Closed Block and Corporate.
The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.
Long
UNM Approaching Resistance, Potential Drop! 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.
Short
UNMNYSE:UNM
05JUN16 - Look for the crossing of the 9EMA and 13EMA as continued confirmation of the retracement.
Short