Short term view - UNITEDHEALTH GROUP : Pull-back
Peaks and troughs overlap, they still define a bullish trend but it could also be an exhaustion. The next target is at $263.30. The invalidation level is below $218.00.Arguments :
- Prices are pulling back to the support level (previously a resistance). The rise will resume afterwards.
- Prices made a new all-time-high, this confirms the strength of the trend.
- The rising ADX confirms the trend.
- The moving average is supporting prices.
- The bullish gap has been tested, the rally resumes.
UnitedHealth Group is a health care company. The company has four reportable segments across its two business platforms, UnitedHealthcare and Optum: UnitedHealthcare, which provides health care benefits to an array of customers and markets through its UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State and UnitedHealthcare Global; OptumHealth, which serves the physical, emotional and health-related financial needs of individuals; OptumInsight, which provides services, technology and health care knowledge to main participants in the health care industry; and OptumRx, which provides pharmacy care services and programs.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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