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UNITEDHEALTH GROUP

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4UNH trade ideas

United Health breakout above trendline resistanceUNH is looking like a great buy. Not only did it break out today above a downward trendline, but it's also near the bottom of an upward-sloping parallel channel. Fundamentals look good too, with generally positive analyst ratings and a series of recent earnings beats. Healthcare is hot right now, with its low China exposure and other sectors looking overbought. UNH next reports earnings in mid-July. Until then I expect a good medium-term bull run in UNH.
NYSE:UNHLong
by ChristopherCarrollSmith
1
UNITEDHEALTH IS A STRONG BUY ON TECHNICALS AND FUNDAMENTALS The first four months of 2019 has been very uncomfortable for investors in the healthcare services sector, UNH was one of the last stocks to crumble in the last quarter of 2018 as investors rushed to cash. Interest is now back in the sector as tech is becoming overbought once again, oil tumbles and retail dwindles, UNH is the safe haven once again. Expansion worldwide, hiring growth,great earnings, guidance raise and less political attention have turned the chart bullish, as a major correction has reversed and is making its way back through resistance levels back to it's all time high level soon.
NYSE:UNHLong
by RedHotStocks
UNH: DOW30 Healthcare Value ReboundI've been researching stocks in the healthcare sector recently, and it seems that the places to put your money are into healthcare operators, hospital services, and medical facility REITs. United Healthcare got beaten down with the rest of the healthcare sector in late April. However, they rebounded in the other direction after their earnings call. I've been watching them to wait for a stronger trend to set in, and I believe the time is now. Volume spiked on earnings and has remained relatively flat since, so neither a drop or spike in volume is a good side that the buyers are holding and the sellers are having to be bid up to let go of their shares. As for technicals, the price just popped above the 50 day moving average and the 20 day moving average shows a clear bottoming out and converging to overtake the 50 day. MACD has been weakly bullish in the histogram but just crossed positive, and this is confirmed with the holders sentient sloping upward and going positive. For trendedness, ADX is 17 showing that the old trend is long dead but a new one is still shaping up, but DI+ diverging from ADX and DI- shows that a new uptrend is brewing. RSI is sloping upward with the Friday and Monday above 50, so prices are out of oversold territory and rebounding but not yet oversold. Money flow continues to be positive, and the short interest is idling along showing that there's not a lot of confidence in betting against the stock. Beyond the technicals, UNH is in a good position to weather this current bout of the trade war. They're primarily a domestic healthcare provider and operator, and they're going to benefit from the falling price in goods rather than be hurt by it. Demand for healthcare is fairly inelastic, and investors are going to seek shelter in service providers of various types with low risk exposure to selling goods or dealing with rising prices from import/export dynamics.
NYSE:UNHLong
by chuckination
2