Watch These UnitedHealth Price Levels After Stock Has Worst Day Since 1998
Key Takeaways
- UnitedHealth shares will likely remain under the microscope on Monday after logging their worst daily decline since 1998 as the healthcare giant cut its full-year profit forecast amid rising medical costs
- A recent recovery in the stock toward its record high ended abruptly last week, with the price falling decisively below the closely watched 200-week moving average.
- Investors should watch crucial support levels on UnitedHealth’s chart around $439 and $389, while also monitoring key overhead areas near $550 and $606.
UnitedHealth Group (UNH) shares will likely remain under the microscope on Monday after logging their worst daily decline since 1998 as the healthcare giant cut its full-year profit forecast.
The company,…
