UnitedHealth trend line breakout in progress
UnitedHealth is making a bullish trend line breakout in the first hour of trading. After blowout earnings and a guidance revision, UNH is a great value at this price. I intend to hold this for a while.
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Breakout didn't hold. We keep getting rejected by 200 MA. Here's the adjusted trend line.
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We're back above the trend line, for real this time.
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UNH has been volatile and moving sideways, but it looks ready to rally. It's been getting some positive analyst coverage, including a Zacks blog highlight. The moving averages are nicely aligned, and we're above the HMA and making staircase candlesticks. Volume may surge if we push through some moving averages.
