UnitedHealth may rise to 622.00 - 640.00

Our pivot point stands at 539.

Our preference

The upside prevails as long as 539 is support.

Alternative scenario

Below 539, expect 510 and 492.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 508.653 and 505.398).

Supports and resistances

658 **

640 *

622 **

605

565.33 (USD-last)

550

539 **

510 *

492 **

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