NEW YORK, NY / ACCESSWIRE / February 20, 2018 / U.S. markets closed Friday with weekly gains in the range of 4 percent to 5 percent. The Dow Jones Industrial Average gained 0.08 percent to close at 25,219.38, while the S&P 500 increased 0.04 percent to close at 2,732.22. Both, Dow and S&P 500 were up 4.3 percent for the week. The Nasdaq Composite Index dropped 0.23 percent to close at 7,239.47, however posting weekly gains of 5.3 percent. With trading closed on Monday to celebrate President's Day, investors had some time to analyze recent events.
"Events over the past few weeks serve as a salutary reminder of both the dangers of crowded positions and of the power of technical forces when combined with consensual positioning," said Erin Browne, head of asset allocation at UBS.
RDI Initiates Coverage on:
UnitedHealth Group Inc.
UnitedHealth Group's stock moved 1.48% higher Friday, to close the day at $229.37. The stock recorded a trading volume of 3,621,676 shares, which was above its three months average volume of 3,609,367 shares. In the last year, UnitedHealth Group's shares have traded in a range of 157.52 - 250.79. The share price has gained 45.61% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $231.66 is greater than its 200-day moving average of $211.76. Shares of UnitedHealth Group are trading at a Price to Earnings ratio of 21.40. Shares of UnitedHealth Group have fallen roughly 5.74 percent in the past month and are up 4.04 percent year-to-date.
Access RDI's UnitedHealth Group Inc. Research Report at:
On Friday, shares of Novartis recorded a trading volume of 983,166 shares, which was below the three months average volume of 1,444,301 shares. The stock ended the day 0.27% higher at 86.91. The share price has gained 19.60% from its 52 week low with a 52 week trading range of 72.67 - 94.19. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $87.11 is greater than its 200-day moving average of $84.99. Shares of the company are trading at a Price to Earnings ratio of 26.74. Shares of Novartis have fallen roughly 0.03 percent in the past month and are up 3.51 percent year-to-date.
Access RDI's Novartis AG Research Report at:
Our Actionable Research on UnitedHealth Group Inc. (NYSE:UNH) and Novartis AG (NYSE:NVS) can be downloaded free of charge at Research Driven Investing.
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