Approaching Resistance: United Health

New York, April 25th (TradersHuddle.com) - Shares of United Health Group Incorporated (NYSE:UNH) are trading very close to calculated resistance at $59.61. The stock ended the trading session at just $58.72, which is near levels that make it difficult to buy or start a position.

United Health Group Incorporated (NYSE:UNH) owns and manages organized health systems in the United States and internationally. The Company provides employers products and resources to plan and administer employee benefit programs.

United Health's stock range is defined by its calculated support defined at $53.40 and by the resistance level at $59.61; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for United Health. However, as the stock pulls back towards $53.40 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $59.61 then traders will get an opportunity to enter the stock as it moves to a higher range.

Note - Automated Content Created By TradersHuddle's Technical Scanner




Related Partner Headlines

    You could minimize risk by trading in stock sectors rather than individual stocks. Find out why ETFs are the hottest investment vehicle on the planet. Try ETF Profits for FREE NOW!

    TradersHuddle Search

    Stock Search:


    Site Search:

    Loading

    Technical Scans

    Recent Trading Ideas

    Latest Partner Headlines

    Stock Market

    Loading
    Chart
    o Dow Jones 16,374.85 ▲112.29 (0.69%)
    o S&P 500 1,855.22 ▲12.24 (0.66%)
    o NASDAQ 4,067.85 ▲33.69 (0.84%)
    INDEXDJX:.DJI

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:16,374.85 Trade time:12:50PM EDT Value change:▲112.29 (0.69%)
    INDEXSP:.INX

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:1,855.22 Trade time:12:50PM EDT Value change:▲12.24 (0.66%)
    INDEXNASDAQ:.IXIC

    NASDAQ

    Company ID [INDEXNASDAQ:.IXIC] Last trade:4,067.85 Trade time:12:50PM EDT Value change:▲33.69 (0.84%)

    In The Wires

    Copyright © 2013 TradersHuddle.com. All Rights Reserved.