Get started
ChristopherCarrollSmith

UnitedHealth trend line breakout in progress

Long
UnitedHealth Group Incorporated (NYSE:UNH)  
ChristopherCarrollSmith Updated   
NYSE:UNH   UnitedHealth Group Incorporated
Trend Lines healthcare
11
0
trendline healthcare
UnitedHealth is making a bullish trend line breakout in the first hour of trading. After blowout earnings and a guidance revision, UNH is a great value at this price. I intend to hold this for a while.
Comment:
Breakout didn't hold. We keep getting rejected by 200 MA. Here's the adjusted trend line.

snapshot
Comment:
We're back above the trend line, for real this time.
Comment:
UNH has been volatile and moving sideways, but it looks ready to rally. It's been getting some positive analyst coverage, including a Zacks blog highlight. The moving averages are nicely aligned, and we're above the HMA and making staircase candlesticks. Volume may surge if we push through some moving averages.

snapshot

Related Ideas

ChristopherCarrollSmith
Several buy signals on UNH
ChristopherCarrollSmith
Choosing an entry on UNH
ChristopherCarrollSmith
UNH selloff offers an important reminder about earnings plays
ChristopherCarrollSmith
United Health breakout above trendline resistance
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.