UnitedHealth may rise to 633.00 - 651.00

Our pivot point stands at 543.

Our preference

The upside prevails as long as 543 is support.

Alternative scenario

The downside breakout of 543 would call for 514 and 496.

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 trading above both its 20 and 50 day moving average (respectively at 534.353 and 512.5574).

Supports and resistances

668 **

651 *

633 **

615

576.33 (USD-last)

555

543 **

514 *

496 **

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