UnitedHealth Group

UNH
Real-time BATS EXCHANGE - 10/15 05:02:00 pm
232.5USD
+8.17%

Increase of volatility

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Patrick Rejaunier
Equity Analyst

Strategy published on : 06/11/2019 | 03:56

long trade under condition
Expirée le 06/21/2019

Entry price : 253$
Target : 272$
Stop-loss : 245$
Cancellation Level : 237$
Potential : 7.51%

UnitedHealth Group shares have recently experienced an upward movement with a return of higher volumes and volatility. This technical chart pattern suggests a continuation of the upward movement.
Investors should benefit from the breakout of the $ 253 level to target the $ 272.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.

● Historically, the company has been releasing figures that are above expectations.

● Analysts covering this company mostly recommend stock overweighting or purchase.


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at USD 248.78.

● Below the resistance at 248.78 USD, the stock shows a negative configuration when looking looking at the weekly chart.

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