Watch These UnitedHealth Levels as Stock Rebounds After Plunging to 5-Year Low
Key Takeaways
- UnitedHealth shares jumped Friday after tumbling to a pandemic-era low on Thursday following reports that the company is being investigated for possible Medicare fraud.
- After staging a decisive close below the 50- and 200-day moving averages in mid-April, the stock has traded sharply lower in a move that has thrust the relative strength index into oversold territory.
- Investors should watch major support levels on UnitedHealth’s chart around $249 and $212, while also tracking crucial overhead areas near $325 and $365.
UnitedHealth Group (UNH) shares surged Friday after tumbling to a pandemic-era low yesterday following reports that the company is being investigated by the Department of Justice for possible Medicare…
