UnitedHealth Group (UNH) NewsBite - UNH Is On the Move

Friday, August 29, 2008 3:44 PM EDT

UnitedHealth Group (UNH) appears to be on the move today and is now at $30.60, up $0.54 (1.80%) on volume of 4,337,085 shares traded. Over the last 52 weeks the stock has ranged from a low of $21.20 in July to a high of $59.46 in December. UnitedHealth Group stock has been showing support around $29.11 and resistance in the $30.69 range. Technical indicators for the stock are neutral and S&P gives UNH a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on UNH the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 27.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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