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Healthcare Giant Nears Breakout to All Time Highs

by | Aug 20, 2024

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.

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