United Health Group Inc - Long Opportunity (20.12.18)

United Health Group Inc (UNH) is one of the few stocks which had relatively smooth year in comparison with other major shares.

The stock is considered ‘defensive’ as healthcare stocks usually do better when the broader market is more volatile.

As we can see from the chart, the positive trend has been going on since 2016 – following yesterday’s market decline in conjunction with another FED hike, the stock did decline however it bounced off exactly at the trend line which was created way back in Nov 2016.

From a pure technical standpoint, and also on the fact that it is part of a defensive sector, I think this represents one of the few very good opportunities to go LONG in this volatile environment.

 

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