Bull Signal Foresees More Records for UnitedHealth Stock

Year-over-year, the security is up over 69%

Digital Content Manager
Mar 24, 2021 at 3:17 PM
facebook X logo linkedin

The shares of healthcare concern UnitedHealth Group Inc (NYSE:UNH) are up 1.2% at $372.77 this afternoon, and hit an all-time high of $373.56 earlier today. Plus, the equity is up 69.5% year-over-year, with support from its 10-day moving average. More record highs could be in store for UNH over the coming weeks, too, per a historically bullish signal now flashing on the charts.

Specifically, UnitedHealth stock's peak comes amid historically low implied volatility (IV), which has been a bullish combination for the security in the past. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, there have been four other times in the past five years when the security was trading within 2% of its 52-week high, while its Schaeffer's Volatility Index (SVI) stood in the 20th percentile of its annual range or lower. This is now the case with the equity's SVI of 25%, which sits in the fourth percentile of its 12-month range.

White's data shows that a month after these signals, UNH was higher in 75% of those instances, averaging a 3.7% return for that time period. From its current perch, a similar move would put UnitedHealth stock just over the $386 level, at yet another record peak.

UNH 10 Day

Lastly, United Health stock ranks low on the Schaeffer's Volatility Scorecard (SVS), with a score of just 17 out of 100. In other words, the security has consistently realized lower volatility than its options have priced in, making UNH a potential premium-selling candidate.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI