Tech-Style Growth From A Really Big Company (UNH)

by | Dec 7, 2023

If you’re looking for timeless stocks — stocks that work well in a recession but also in good economic times — a great place to look is in the Medical sector.

Good health never goes out of style. 

And sometimes Medical stocks are not only reliable, they’re rocket ships.

Take UnitedHealth Group (UNH), for example. 

Since the pandemic, this stock has gone from $200 to $550. 

That’s tech-style growth from a really big company.

And now it’s getting close to another breakout point:

After recently consolidating and gathering up energy, if UNH breaks above $558.10, it could be off to the races.

We’ll keep an eye on it.

Happy trading,

— Scott Welsh

P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.

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