OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday Aug 23rd is United Healthcare (UNH). UNH is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 2.05% move lower and its 1m and 6m trend has turned neutral yesterday while bouncing higher off its $78 support level.

United Healthcare’s 1m and 6m trends turned bullish yesterday while bouncing higher off its $192 support level. With a technical score of 9 (out of 10), UNH is a strong bullish stock that looks to continue higher.

View this Trade Idea on UNH

As a stop loss, if UNH was to trade below $192 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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