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...
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.
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.
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.
Add size on the break and hold below 200.
Watch sector indexes and leaders regularly to evaluate...