I've been researching stocks in the healthcare sector recently, and it seems that the places to put your money are into healthcare operators, hospital services, and medical facility REITs. United Healthcare got beaten down with the rest of the healthcare sector in late April. However, they rebounded in the other direction after their earnings call. I've been...
The long-term chart is clear. held the double minimum, maintaining the fibonacci support and probable reboot to the upside. from the fundamental analysis the title will soon be over 300. Easy money
UNH defied the heavy selling due to fears of more Tariffs. An extra-long white candle formed without HFT activity. The stock has not broken through major bottoming resistance.
Will stick to these trendlines until broken.
Ideally looking for a breakdown of support TL and back test making for a great short trade to potential double bottom.
If breakout up will most likely be quite sharp as seen with wedge ups. Can make for a great short fade to retest at which point i would watch for long.
Where else can you get a high quality growth stock that is always in need at a value when then the rest of the market is extremely pricey with a trade deal already priced in!? UNH & ANTMNYSE:UNH
UNH and other healthcare stocks such as Anthem, Cigna, etc. could be a potential area that benefits from those flocking from higher volatility areas that have earnings this week that are looking for some high quality value that were once "growth" stocks. I think UNH at least goes back to $250 area within the next week or so. I'm holding call options. Good luck!UNH
If UNH close below the marked RSI uniformity level at the end of the month I would expect a continued down move for health care stocks.
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If we break 208 and hold on the weekly consider an entry with target being the 61.8 retrace and a wide stop around 230.
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Add size on the break and hold below 200.
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Watch sector indexes and leaders regularly to evaluate...
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UNH
