YouCanTradeYCT

UNH - United Healthcare Overpriced?

Short
NYSE:UNH   UNITEDHEALTH GROUP INC
United Healthcare is trading between the upper Bollinger bands and upper Keltner channel bands and it couldn't be at a better time. The topic of the affordable care act is now making headlines as Republican-led states and the Trump administration voice their case to the Supreme Courts today, claiming that the Affordable Care Act Mandate is unconstitutional. While the outcome of this case is still pending and may not have an impact on the stock, United Healthcare has been known to react whenever there is a potential change in how Americans receive healthcare. Today, President elect Joe Biden made a speech in favor of keeping and protecting the affordable care act. Let's see if any of these recent events surrounding the affordable care act have an effect on United Healthcare's stock over the next few days.

Just looking at the charts, my opinion is that the stock is overpriced. The stock is trading higher relative to the exponential moving average on the chart. So, any news related to the Affordable Care Act supreme court case could encourage a sell off.

REMEMBER: Reference to specific securities should not be construed as a recommendation to buy, sell or hold that security. Specific securities are mentioned for educational and informational purposes only. YouCanTrade is an online media publication service which provides investment educational content, ideas and demonstrations, and does not provide investment or trading advice, research or recommendations.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out