UNH trade ideas
UNITEDHEALTH IS A STRONG BUY ON TECHNICALS AND FUNDAMENTALS The first four months of 2019 has been very uncomfortable for investors in the healthcare services sector, UNH was one of the last stocks to crumble in the last quarter of 2018 as investors rushed to cash. Interest is now back in the sector as tech is becoming overbought once again, oil tumbles and retail dwindles, UNH is the safe haven once again. Expansion worldwide, hiring growth,great earnings, guidance raise and less political attention have turned the chart bullish, as a major correction has reversed and is making its way back through resistance levels back to it's all time high level soon.
UNH BULLISH CONTINUATION UNH MEASURED MOVES shown on the chart, target is in the light blue box.
If we break to the downside here, the EVWMA is a target.
UNH: DOW30 Healthcare Value ReboundI'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 watching them to wait for a stronger trend to set in, and I believe the time is now. Volume spiked on earnings and has remained relatively flat since, so neither a drop or spike in volume is a good side that the buyers are holding and the sellers are having to be bid up to let go of their shares.
As for technicals, the price just popped above the 50 day moving average and the 20 day moving average shows a clear bottoming out and converging to overtake the 50 day. MACD has been weakly bullish in the histogram but just crossed positive, and this is confirmed with the holders sentient sloping upward and going positive. For trendedness, ADX is 17 showing that the old trend is long dead but a new one is still shaping up, but DI+ diverging from ADX and DI- shows that a new uptrend is brewing. RSI is sloping upward with the Friday and Monday above 50, so prices are out of oversold territory and rebounding but not yet oversold. Money flow continues to be positive, and the short interest is idling along showing that there's not a lot of confidence in betting against the stock.
Beyond the technicals, UNH is in a good position to weather this current bout of the trade war. They're primarily a domestic healthcare provider and operator, and they're going to benefit from the falling price in goods rather than be hurt by it. Demand for healthcare is fairly inelastic, and investors are going to seek shelter in service providers of various types with low risk exposure to selling goods or dealing with rising prices from import/export dynamics.
UnitedHealth Group Price SurgeUNH 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.
#UNH Easy money $UNHThe 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 - 15' IHS pattern - LONG SIDE- IHS pattern
- Stop loss: below 234.48
- Target: 249.81
- R:R ratio: 4,87:1
$UNH bounce is overmentioned earlier UNH would bounce, and i think the bounce is over. down trend targets labeled.
UNH 30 min APRIL 22ND 2019 wedge up watching for breakout 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 Looking Great For The Week Folks! - BULLISH - Safety Play!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 & ANTM NYSE:UNH
UNH New "Temporary" Up Trend - Safety/Value Play-$250 ResistanceUNH 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
HEALTH CARE LEADER - MONTHLY CHART ON WATCHIf 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 position bias
Chart Analysis - UNHBounced from 208.80/161.80%. I think falling bio sector is stopped now. However need to watch more.
$UHN could bounce from hereDownside target reached, but most hold 215 by the end of the week
Else not looking good
