The bullish DailyPlay we chose for Thursday Jan 5th is UnitedHealth (UNH). UNH is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 3.55% move higher and it’s 1m and 6m trend turned neutral and bullish on 1/3 and recently broke above its $70 resistance level.
UnitedHealth’s 1m and 6m trends turned bullish on 1/3 and recently bounced higher off its $160 support level. With a technical score of 6 (out of 10), UNH looks positioned to continue this strong bullish trend higher.
As a stop loss, if UNH was to trade below $160 for multiple days, this would invalidate our analysis and suggest getting out of the trade.