UNH trade ideas
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
