United Health breakout above trendline resistance
Updated
UNH 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.
Note
UNH breached the bottom of its channel today.
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