Possible entry level $275
Target price $290
Stop loss $264
Resistance at Point of Control (redline) $281
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Unh had 2 clouds hanging over it , Bernie Sanders and COVID-19, last nights results have reduced the risk of Sanders, thus a nice rise in the stock pre market.
Upside targets $280 - $285 - $293
System T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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Daily support held for UNH in confluence with the 2/1 Gann which I would argue is solid confirmation that the trend remains intact. UNH was due for a correction so this is the kind of support we like to see especially after beating earnings and an sell-off throughout the market. Despite good fundamentals, they might not have been as good as investors wanted but...
UNH has been on an absolute tear since Nov, however we are approaching a political crossroads. On FEB 3, the democratic primaries will have their first real contest. With a tough race between the Bern and Sleepy Joe, UNH's fate is in the balance.
Bernie leading Biden 27% to 23%, and with a Bernie win, UNH loses, it will easily fill that gap. On the other...
UNH trading in a very strong channel. I calls until the trend breaks or the MACD indicators publish a reversal. Keep an eye on the MCD turning red on the bottom oscillator. Happy Trading and make sure to drop a thumbs up!
You ever wish for bad earnings just so you can buy the dip? Still in my long position.
UHC is giving back Rx rebates at the point of sale, I wonder how that will affect its 2020 earnings potential.
I will be placing an order with specs below on Monday.
Trade Entry
Jan. 10 expiry. 285/290 Call credit spread for credit of $3.25 or more. Max gain is credit received $325. Max loss is $175. Exit before expiry. This trade will end before earnings.
One leg of this trade is 78% POP. Other leg is 57%. Total probability of profit is 70%. Good.
If UNH closes on...
Hi, today we are going to talk about the UnitedHealth Group and its current landscape.
UnitedHealth is poised to receive increasing attention from the market as relevant events are taking place. The healthcare company can be benefited from the implied move that Congress will repeal three key Obamacare aspects related to the health industry taxes as part of fiscal...
United health has reached our previous target, now up 33% from the bottom. We see a breakout on the cards for UNH but maybe a slight pause and consolidation beforehand.
The RSI is very high and 1.272 Fib expansion target may prove to be a stumbling block.
The overall technicals remains very strong as does the Fundamentals.
