UNHD trade ideas
UNH is poised to break out - target 330-340Hi guys ,
based on what I see on my analysis , UNH is poised to break out to the upside .
Target would be around 330-340ish .
I see a daily squeeze, I see both daily and hourly moxie confirming the move and the stock is ready to post all time highs .
At this point I think we will eventually see the Dow hitting 30,000 .
UNH Breakout PotentialUNH worth a watch these upcoming weeks. Holding above all notable AVWAPS. It's been consolidating for months; can see a big move on a breakout. Price action is getting tight, and the 50dma has caught up to the nearest avwap as support. Fundamentally undervalued with consensus analyst targets ranging the mid to high $300's. Watching for a clean break over $311.86
$UNH Consolidation Building up to Major Rally ?
Possible short term trade to top of the channel @ $310.
Longer term breakout trade possible on a break above channel.
4 months of consolidation should result in a nice rally to $340
Danger that election campaigning may hold the stock back.
Indicators are mixed but Accum\Dist & CMF are particularly bullish.
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UnitedHealth Group: «slow and steady wins the race»Show Me the Money! 16 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
UnitedHealth Group reported a solid quarter in which strength in premiums offset weakness routinely associated by many with COVID. The company reported $62.14 billion in revenue, a slight miss – not by a wide margin, and we tend to play it down when the company is growing its product pipeline. Q2 revenue is up 2.5% from the same period last year and drove a solid increase in net income. EPS, both adjusted and GAAP, beat consensus by double-digits to post near-100% increases from the previous year. The caveat is additional expenditures will reach the company in the 3rd quarter but not enough to impact the full-year guidance.
Technically, UnitedHealth is in ascending trend with 320 dollars as interim price target – seemingly not that much of an upside, but they call it «slow and steady wins the race».
UNITEDHEALTHGROUP DAILY ANALYSISHi friends
the daily chart of this market shows with a high probability that it will experience a bearish trend but it is necessary to wait for the break of the support at the level of 289.86 for entry sellers with the vigilance of the change in the opposite direction
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