UNHD trade ideas
DOW JONES OVERVIEW: UNH IN FIRM UPTRENDUnited Health is one the best-looking stock from our Dow Jones overview - on par with Nike.
On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress.
On short term basis the long term picture is confirmed by the slope of 1-year mean. The only short term risk is the fact that price is trading below lower 1st standard deviation from quarterly mean (risking downtrend on quarterly basis).
Very interesting place to put a stop.The lower border of the trend coincides with the basis line of the of Bollinger bands and V Stop.
There is a beginning of a movement to the upper border of the trThere is a beginning of a movement to the upper border of the trend.
Possible Outcomes for $UNHMomo is definitely slowing at phi support, but should ultimately retest leg start in the target area. Listed are a few scenarios that we might expect. A bounce first is the more likely scenario. Pay attention to momo to tell us where the trade will go.
United Healthcare 3rd QuarterDespite the negative reaction to today's news, there is hope for a strong end to the year for UNH. Before today's reports, analysts at Thomas Reuters had a target price of $79.30. This is mainly due to the company's strong performance in two out of its three major businesses.
1. Its Medicare and Retirement business is up 13% year over year, reporting 11 billion in revenue for the quarter.
2. Their Toal Optum Benefits business was also very strong, reporting growth of 33% with $9.6B in revenue.
3. The sole weak spot was the Employer and Individual insurance business which dipped 2.9% year over year with revenue of $11.3B.
United Healthlong setup. Ascending triangle. Watch for breakout from resistance to trigger entry signal
