UnitedHealth may rise to 551.00 - 563.00

Our pivot point stands at 488.

Our preference

The upside prevails as long as 488 is support.

Alternative scenario

The downside breakout of 488 would call for 468 and 456.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 492.7545 and 499.3516). Finally, UnitedHealth has crossed above its upper daily Bollinger band (510.26).

Supports and resistances

575 **

563 *

551 **

539

511.53 (USD-last)

495

488 **

468 *

456 **

Number of asterisks represents the strength of support and resistance levels.