$UNH Testing All-Time High AVWAP

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UNH is currently testing its All-Time High Anchored Volume Weighted Average Price (ATH AVWAP), while simultaneously forming what appears to be a flat base. In pre-market trading today, the stock price has moved above the AVWAP, potentially indicating reduced overhead resistance and the possibility for continued upward momentum.
Position and Strategy
I initiated a position in UNH on August 13th and have steadily increased my holdings up to and including yesterday. As the stock approaches a critical juncture, there is potential for it to continue rallying, especially with earnings scheduled to be announced in 25 days.
Analyst Ratings and Price Targets
The consensus among analysts is generally positive for UNH, with 16 rating it as a buy or strong buy, 7 assigning a hold rating, and 3 recommending a sell. The highest 12-month price target currently stands at $440.
Future Plans
If UNH can move above the $362 level, I plan to further increase my already oversized position, as this would present a compelling opportunity to at least fill the gap.

Feragatname

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