Nov. 15 at 7:54 AM
$UNH is currently exhibiting bearish momentum, with a last close of
$321.86 and an RSI of 24.96, indicating oversold conditions. The price is significantly below both the 30-day moving average (MA30) of 349.26 and the 50-day moving average (MA50) of 347.66, suggesting a strong downward trend. The recent high of 381.0 and low of 294.2 over the last 60 days further confirm the volatility and potential for a rebound.
Suggested entry point is around
$320, with a stop loss set at
$310 to manage risk. Target 1 is set at
$340, aligning with the MA30, and Target 2 at
$360, which is near the 60D high. This plan leverages the current oversold condition while acknowledging the bearish trend indicated by the moving averages.
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