UnitedHealth Group Inc (NYSE:UNH) is Facing Resistance

Analysts are looking for exceptional growth from UnitedHealth Group Inc (NYSE:UNH) in the coming quarter and year, and if they are right valuation levels are going to look better, but for those of us who focus on price something very important is also happening.  The shares are testing a level of resistance and if the shares fail to break above these resistance levels they will likely fall right back down towards longer term support again.  We consider the tests of resistance that are happening now to be important inflection levels and we would use them to guide trading decisions accordingly, and as risk controls appropriately.

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Technical Summary

Term →Near Mid Long
Bias Strong Neutral Neutral
P1 117.25 106.17 105.03
P2 120.45 113.81 113.43
P3 122.19 120.78 120.66

Long Term Trading Plans for UNH

February 25, 2016, 9:59 am ET

The technical Summary and associated Trading Plans for UNH listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for UNH. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.

UNH - (Long) Resistance Plan

Buy over 120.66, target n/a, stop loss @ 120.4.
If 120.66 begins to break higher, the technical summary data will suggest a buy of UNH over 120.66, with an upside target of n/a. The data also tells us to set a stop loss @ 120.4 in case the stock turns against the trade. 120.66 is the first level of resistance above 120.30, and by rule, any break above resistance is a buy signal. In this case, resistance 120.66 is breaking higher, a buy signal would exist.

UNH - (Short) Resistance Plan

Short under 120.66 target 113.43 stop loss @ 120.92
The technical summary data is suggesting a short of UNH as it gets near 120.66 with a downside target of 113.43. We should have a stop loss in place at 120.92 though. 120.66 is the first level of resistance above 120.30, and by rule, any test of resistance is a short signal. In this case, if resistance 120.66 is being tested, a short signal would exist.

UNH Long Term Analysis

UNH EPS Analysis

UNH Dividend Chart

UNH Revenue chart

UNH Growth rate - Quarterly

UNH Growth rate - Yearly

UNH PE chart

UNH PEG chart