UnitedHealth may rise to 563.00 - 575.00

Our pivot point stands at 504.

Our preference

The upside prevails as long as 504 is support.

Alternative scenario

Below 504, expect 484 and 472.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 500.182 and 486.0418).

Supports and resistances

587 **

575 *

563 **

551

524.63 (USD-last)

512

504 **

484 *

472 **

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