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)
- clean breakout during last trading session (+2.4%)
- heavily increased buying volume
- 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.