UNH
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 – Short-term Bearish Entry - One Week HoldI will be placing an order with specs below on Monday.
Trade Entry
Jan. 10 expiry. 285/290 Call credit spread for credit of $3.25 or more. Max gain is credit received $325. Max loss is $175. Exit before expiry. This trade will end before earnings.
One leg of this trade is 78% POP. Other leg is 57%. Total probability of profit is 70%. Good.
If UNH closes on 1/10 below $285, the full credit $325 is kept.
Stops - If price goes above $292 this is invalid.
Exit - 50% profit or greater. Keep to expiry if everything still going down below $285.
Chart Details
Almost a double-top ($2 difference). I consider less than $1 difference true double-top.
Bearish EMA cross and bearish 10WeekMA cross will confirm downtrend.
Pattern may go down to fill gap providing other entries.
I am not sure how UNH will act around earnings, so trade will expire before earnings.
If earnings are negative, we can continue down.
If earnings are positive, we will have a good reference point for bullish entry.
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UNH - DAILY CHART Hi, today we are going to talk about the UnitedHealth Group and its current landscape.
UnitedHealth is poised to receive increasing attention from the market as relevant events are taking place. The healthcare company can be benefited from the implied move that Congress will repeal three key Obamacare aspects related to the health industry taxes as part of fiscal 2020 spending bills. News that can boost UnitedHealth next year.
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Ascending Triangle Runs Out of Room Soon for SPY SPXIt's just a chart with some fibonacci levels and an ascending triangle with no where to go but down in my opinion. Looks like 2777-2775 is the first Fib level to revisit after topping out around 3,025-3045. Negative divergences also signaling running out of steam IMO. Don't hold anything for long, regardless of how strong it appears to be. Anything could change in one swift key-stroke of trumps fat fingers...Only thing that sends this higher in my opinion is a resolution of trade with China, and even then - Trump may start another trade war in it's place soon there-after IF we ever resolve China first... SPY SPX
I'm personally bullish on old school value plays that have been forgotten about that now have good dividends while you wait out the storm such as $CVS which has a .50 cent quarterly dividend, yielding 3.45% better than it's industry leaders like your UNH and ANTM which only yield 1.65% and 1.05%. Another one I'm long is $KHC Kraft Heinz which yields 5.22%, and last one that I'm watching is $GT goodyear tires, yielding 4.38%
All these growth stocks with sky-high valuations are going to begin to crumble at some point and I don't want to be holding long for that.
Good Luck!
Daily UNH stock forecast analysis for stock investing strategies03-Jul NYSE:UNH
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a rebounding trend of upward direction box pattern price flow marked by limited falls and upward fluctuations.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.0% (HIGH) ~ 0.0% (LOW), 0.6% (CLOSE)
%AVG in case of rising: 1.6% (HIGH) ~ -0.6% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.8% (HIGH) ~ -2.5% (LOW), -1.7% (CLOSE)
UNH stock prediction by pretiming algorithm of supply-demand28-JUN UNH
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend Analysis: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.9% (HIGH) ~ 0.0% (LOW), 1.5% (CLOSE)
%AVG in case of rising: 1.6% (HIGH) ~ -0.6% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.9% (HIGH) ~ -2.6% (LOW), -1.7% (CLOSE)
UNH New "Temporary" Up Trend - Safety/Value Play-$250 ResistanceUNH and other healthcare stocks such as Anthem, Cigna, etc. could be a potential area that benefits from those flocking from higher volatility areas that have earnings this week that are looking for some high quality value that were once "growth" stocks. I think UNH at least goes back to $250 area within the next week or so. I'm holding call options. Good luck! UNH