Unitedhealth Group Inc Shs Unsponsored Brazilian Depository Receipt Repr 0.0142857 Sh
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UnitedHealth Inches Toward New HighsUnitedHealth rebounded from the coronavirus crash more quickly than most stocks. It was back above its 200-day simple moving average (SMA) in early April, 1-1/2 months before the broader S&P 500 .
Then it stopped and waited, consolidating in a range and doing some important work technically.
First, it established support above $270. This was a key pivot from early February. Second, it started making higher lows. Finally, it made new all-time highs and then pulled back slightly. This creates the potential for a quiet breakout in coming sessions.
There’s also a potential channel between roughly $273 and $300. The price action since May 27 represents a breakout of that channel, followed by a successful retest.
UNH’s fundamentals are also interesting because the coronavirus pandemic has reduced doctor visits. That could lower the health insurer’s medical costs and drive margins higher the next time earnings are released in mid-July.
It’s also a member of the Dow Jones Industrial Average , which has been outshining the S&P 500 and Nasdaq-100 lately.
Overall, UNH isn’t flashy and hasn’t been moving much. But its chart patterns indicate it may start moving as prices inch back toward new highs.
UnitedHealth Group $UNHIt tries to break the buy point of $304. After break out, it will try to get in the channel which will bring it to the target that is upper channel
12 months Consensus Price Target: $322.10
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UNH buy out of wedgeNYSE:UNH
Great wedge forming off earnings with volume drying up a bit and price action getting tight. A buy through 298 against 285 looks good.
#UNH NYSE:UNH
Daily and hourly squeeze and needless to say, the market keeps on rallying.
Thinking this might be the start of a 5th wave up.
In with 307/312 spreads 3 weeks out.
UMH : INTERSTING TO FOLLOWAfter a nice success with out last stock ( qgx ), it looks like UMH is about to break the bull flag pattern. I put that stock on my watch list for next week. stay tuned
Offer on UNITEDHEALTHHello,UNITEDHEALTH is ready to go very high and strong
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UnitedHealth Group Hitting highs
Breaking to all time highs after hours.
Bullish setup with $339 as upside fibonacci target
Indicators bullish
up with volume, break consolidationUNH:
1.up with volume
2.break through $270 consolidation
3.green in a red day
UNH Beats on earnings and upholds Guidance for 2020
A good start to earnings season from UNH. Lets see if it can help boost the DJI today
UNH to $300? BULLISH Short TermRising channel on UNH currently I apologize for posting late, tomorrow UNH has their earnings report on Wednesday morning 4/15. I expect good things to hear, this company has strong bullish momentum right now and EMAs are on their side; while they are stuck in a rising channel I believe they have a leg higher to go until bulls exhaust out. This means that by next week they could be at $300. After that, I don't have a forecast. My position is at $270. Good luck!
*Not financial adviser
