Healthcare Giant Nears Breakout to All Time Highs
UnitedHealth (UNH) shares are coiled tightly near the top of the monthly value area and the recent bull flag is close to breaking out above 581 with a likely move into 600 on deck as the Fibonacci extension target and then 612 potentially as an extended target. UNH breaking to highs would also be fresh all-time highs and blue-sky territory with no resistance although its current gamma wall above here in the options market is 600. UNH saw fresh buyers on 8/19 for 700 November $610 calls at $18.25 as Oct $590 calls adjusted up and out.