UnitedHealth's Rally Is Far From Over

UnitedHealth Group (UNH) has moved steadily higher from its early 2016 low. Prices broke out of a consolidation pattern this month and the new price highs this year are not finished, according to our charts and indicators.

In this daily bar chart of UNH, below, we can see that prices have spent the bulk of the past 12 months above the rising 50-day moving average line. The 200-day moving average has been rising all year. The On-Balance-Volume (OBV) line turned up in November and its rise supports and confirms the price strength this year. Momentum has slowed from November to March but this bearish divergence is probably not going to be a barrier to further price gains....103 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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