Watch These UnitedHealth Price Levels as Stock Slumps on DOJ Probe Confirmation

25 Jul Stock Analysis

UnitedHealth shares dropped nearly 5% Thursday after the health insurance giant confirmed that it’s the subject of a Department of Justice investigation.
After briefly consolidating in June, UnitedHealth shares have resumed their strong downtrend on increasing volume this month, a move that has coincided with the 50-week moving average crossing below the 200-day moving average to form an ominous “death cross.”
Investors should watch key support levels on UnitedHealth’s weekly chart around $250 and $215, while also monitoring overhead areas near $325 and $368.

UnitedHealth Group (UNH) shares tumbled Thursday after the health insurance giant confirmed that it’s the subject of a Department of Justice investigation.