Harry Aloof
11-21-2007, 02:53 AM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
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 line "A", 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 downside 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
http://18004wallstreet.com/images/charts/Chart2209-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
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 line "A", 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 downside 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
http://18004wallstreet.com/images/charts/Chart2209-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)