UnitedHealth Group's stock is in a smooth linear regression and data suggests that the stock could hit $550
UnitedHealth is the nation's largest public managed care company by revenue. It has two segments, UnitedHealthcare and Optum. UnitedHealthcare provides healthcare benefits to Employers & Individual, Medicare & Retirement, Community & State, and International. Optum serves payers, care providers, and employers. UNH peaked in early 2021 and then traced out a bullish cup over the next two months. The shares broke out, traced out a flag back to the 21-day exponential average (EMA), and took off, peaking at $425 in May. The stock then traced out a cup-with-handle and broke out in August, but that failed. UNH then pulled back to its 200-day and then ripped to all-time highs. The shares peaked on 11/9 at $464, traced out a small flag back to the 10-week EMA, and ran up into the end of 2021. The shares then went sideways back to their 21-week EMA and bounced, achieving a minor breakout to all-time highs. We would put a stop-loss just below chart and moving-average support at $480. We would take profits at $550+.