Healthcare Mega Cap Forming Bull Flag Near All Time Highs
UnitedHealth (UNH) shares are showing solid relative strength the past month and now back over 530 as a tightly coiled bull flag forms near the high end of monthly value with a potential breakout trigger on a close over 540 likely seeing the all-time highs of 558 retested and then 575 as a higher extension target into year end. UNH has a large December $520 call position in OI still from buyers on 8/23 for 1500x at $13.20 which are nearing a double now and still holding.