GoMoRa

UNH post-ER outlook

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NYSE:UNH   UnitedHealth Group Incorporated
1
UNH had a ridiculous ER day. This stock lost a ton of ground on about 40K shares PM and a good ER (excellent revenue beat). Stops were busted on this buy-and-hold name after the open on those retailer investors who probably added around 116-118 recently. And then, as you can see from the Chaikin Money Flow, today was all about accumulation (institutions likely got shares cheap once again and had solid profits by EOD). The rebound today was solid, though it under-performed the robust portion of the Dow rally. Expecting PT hikes and hopefully confirmation of a bullish reversal. With a little help from the market, expect a retest of the $126 resistance. See the notes on the chart for observations about the candle sticks and levels that I'm watching.
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