UNH trade ideas
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».
UNITEDHEALTH GROUP is to BUY DAILYHey People, UNITEDHEALTH GROUP is in a fake bearish push, on the daily but on the 4h gives a bullish signal abortive attempt of the sellers. Its part towards its precedent above for a restest.
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Buy UNHIdea is buy now or till 285 for target of 310- 315. If sustain above 315 then more fireworks. 🧨 💥
Stoploss will be 275 on closing basis.
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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UNH - New HighUNH is one of the strongest stocks in the market
trading above resistance at the all time highs
targets on chart
UnitedHealth Inches Toward New HighsUnitedHealth rebounded from the coronavirus crash more quickly than most stocks. It was back above its 200-day simple moving average (SMA) in early April, 1-1/2 months before the broader S&P 500 .
Then it stopped and waited, consolidating in a range and doing some important work technically.
First, it established support above $270. This was a key pivot from early February. Second, it started making higher lows. Finally, it made new all-time highs and then pulled back slightly. This creates the potential for a quiet breakout in coming sessions.
There’s also a potential channel between roughly $273 and $300. The price action since May 27 represents a breakout of that channel, followed by a successful retest.
UNH’s fundamentals are also interesting because the coronavirus pandemic has reduced doctor visits. That could lower the health insurer’s medical costs and drive margins higher the next time earnings are released in mid-July.
It’s also a member of the Dow Jones Industrial Average , which has been outshining the S&P 500 and Nasdaq-100 lately.
Overall, UNH isn’t flashy and hasn’t been moving much. But its chart patterns indicate it may start moving as prices inch back toward new highs.
UnitedHealth Group $UNHIt tries to break the buy point of $304. After break out, it will try to get in the channel which will bring it to the target that is upper channel
12 months Consensus Price Target: $322.10
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UNH buy out of wedgeNYSE:UNH
Great wedge forming off earnings with volume drying up a bit and price action getting tight. A buy through 298 against 285 looks good.
#UNH NYSE:UNH
Daily and hourly squeeze and needless to say, the market keeps on rallying.
Thinking this might be the start of a 5th wave up.
In with 307/312 spreads 3 weeks out.
UMH : INTERSTING TO FOLLOWAfter a nice success with out last stock ( qgx ), it looks like UMH is about to break the bull flag pattern. I put that stock on my watch list for next week. stay tuned
