UnitedHealth trend line breakout in progress
Updated
UnitedHealth is making a bullish trend line breakout in the first hour of trading. After blowout earnings and a guidance revision, UNH is a great value at this price. I intend to hold this for a while.
Comment
Breakout didn't hold. We keep getting rejected by 200 MA. Here's the adjusted trend line.Comment
We're back above the trend line, for real this time.Comment
UNH has been volatile and moving sideways, but it looks ready to rally. It's been getting some positive analyst coverage, including a Zacks blog highlight. The moving averages are nicely aligned, and we're above the HMA and making staircase candlesticks. Volume may surge if we push through some moving averages.
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