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United Online Bearish Moving Average Crossover Alert (UNTD)

Published on Wed, 05/01/2013 - 11:20
By Robert Cotter

Today, shares of United Online (NASDAQ:UNTD) have fallen below their 10-day MA of $6.46 on a volume of 876K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

United Online, Inc. is a provider of consumer products and services over the internet. The Company's offerings include floral related products and services for consumer and retail florists. United services also include online social networking, online loyalty marketing, internet access and email.

Over the past year, United Online has traded in a range of $3.63 to $7.50 and is now at $6.30, 74% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.3%.

United Online has overhead space with shares priced $6.30, or 18.6% below the average consensus analyst price target of $7.74. The stock should discover initial support at its 50-day moving average (MA) of $6.16 and subsequent support at its 200-day MA of $5.66.

By Robert Cotter