UNH trade ideas
UNH – Short-term Bearish Entry - One Week HoldI 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 1/10 below $285, the full credit $325 is kept.
Stops - If price goes above $292 this is invalid.
Exit - 50% profit or greater. Keep to expiry if everything still going down below $285.
Chart Details
Almost a double-top ($2 difference). I consider less than $1 difference true double-top.
Bearish EMA cross and bearish 10WeekMA cross will confirm downtrend.
Pattern may go down to fill gap providing other entries.
I am not sure how UNH will act around earnings, so trade will expire before earnings.
If earnings are negative, we can continue down.
If earnings are positive, we will have a good reference point for bullish entry.
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UNH - DAILY CHART Hi, today we are going to talk about the UnitedHealth Group and its current landscape.
UnitedHealth is poised to receive increasing attention from the market as relevant events are taking place. The healthcare company can be benefited from the implied move that Congress will repeal three key Obamacare aspects related to the health industry taxes as part of fiscal 2020 spending bills. News that can boost UnitedHealth next year.
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$UNHUNH near ATH, looks like wave 4 is about to start. Short the retest and look for reversal near the fresh Demand zone.
UNH next trade setupUnited 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.
Be careful with UNHThis descending trendline is problematic. If you bought lower, it may be time to take profits. If you don't have a position, I'd consider shorting the stock and see if you can ride it down to $212 or so.
UNH ShortI think people are being very subjective to the market at this moment. Caution the news coming out. That being said, healthcare sectors from a long term perspective is overbought. I will be shorting UNH for this week. I think there is a good risk reward. I will also be shorting XLV for the long term.
UNHHeld April lows nicely and has broken through some larger timeframe resistance. I like the action here to the upside.
$UNH United Health is still a gift. Entry level $257 = Target price $282 = Stop loss $252
Previous target hit and our reversal trade setup has now rewarded us with 15% gains.
The golden pocket has been broken through so let it rip higher.
UnitedHealth Group looking bullish as well. MMHVWPI - see chart. Institutional support and resistance levels.
UNHSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk Reward 2:1, 20 Years of Backtesting Data! Follow me for my Buy & Sell signals!
