Stock Technical indicators to notice in UNITEDHEALTH GROUP (UNH.BE)
1- Last bullish trend was from 29.76 $ (3/15/2011) to 31.90 $ (4/5/2011) a 2.14 $ move 2- The current bearish trend started from 31.90 $ at 4/5/2011 and is currently trading at 30.48 $.
4- UNH.BE current resistance level is at 30.58 which is the 61.80 % fibonacci retracement of the last 2.14 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
UNITEDHEALTH GROUP (UNH.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 31.900 .
UNITEDHEALTH GROUP (UNH.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 29.760 and 26.440,resistance between 31.920 and 28.530 which was broken down at 30.480.
UNITEDHEALTH GROUP (UNH.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 24.160 and 21.190, and is currently supporting at 29.756.
Stock Trading Conclusion:
UNITEDHEALTH GROUP (UNH.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 30.58, 30.82, 30.83, 30.85, 31.02, 31.08, 31.19, 31.36, 31.39, 31.90, 31.90,.
Stock Support levels : 29.76, 29.76, 29.18,.