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.

הערה:

Breakout didn't hold. We keep getting rejected by 200 MA. Here's the adjusted trend line.

הערה:

We're back above the trend line, for real this time.

הערה:

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.