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UNITEDHEALTH GROUP INC
(UNH-NYSE):
Technical Viewpoint: From a low
of $46.59 on Oct 3, 2007 prices
rallied, reaching a
high of $49.98
on Oct 12, 2007. A
decline saw prices pull back, reaching a
low of
$47.09 on Oct 22, 2007.
Another rally saw prices penetrate
resistance, closing 11/9/07
at $51.67. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 7, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $47.00. Resistance: Is at $55.00.
Point & Figure: Reversed to the upside on Nov 11, 2007. A P&F upside
reversal takes place at $49.00. Summary: Technical indicators have turned bullish. BUY! UNITEDHEALTH GROUP INC
(UNH-NYSE) @ $52.25 Stop: Use a protective stop of $49.75.
UNITEDHEALTH GROUP INC is currently trading @ $51.67 plus $1.38 on Nov 9, 2007. Price Objective:
$59.50. Risk/Reward: $2.50 VS. $7.25. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59.50
Risk/Reward:
$2.50 VS. $7.25
Risk/Reward Ratio:
3:1
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