UNUM GROUP (NYSE: UNM) momentum breakout alert!

TRADING IDEA (Momentum Breakout)

Unum Group is engaged in providing financial protection benefits. The company is headquartered in Chattanooga, Tennessee and currently employs 10,100 full-time employees. The firm's segments include Unum US, Unum International and Colonial Life. Read the full profile here.

STRATEGY

Momentum Breakout Setup (Short term)

1. clean breakout during last trading session (+2.4%)
2. heavily increased buying volume
3. closing price higher than $36.93 (latest resistance)
   

Last earnings: 2022-05-05

Next earnings: 2022-08-01

ACTUAL SETUP

• Buy Stop | $37.54
• Limit | $37.63
• Stoploss | $35.78
• Target | Hold between 2 - 5 days or first target +/- $41.2
  
  

ADDITIONAL INFO/TIPS

• Use our ChartMill Postion Sizing Tool to calculate the maximum number of shares you can buy, depending on your available capital!
• Why using Stop Limit Orders?

Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.