Chart.ly Chart of the Day 12/10/09 United Health Group UNH

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  • on December 10th, 2009
ldrogen

Today on Chart.ly Chart of the Day we take a look at United Health Group $UNH with @stt2318.  We are seeing a large long term consolidation which could be about to resolve itself to the upside.  The 30 dollar level has been resistance for over a year, but we’ve seen progressively weaker rejections over the course of that time.  The stochastic and MACD indicators look healthy here, this is a classic long term breakout pattern that you should be watching very closely.

ldrogen

Leigh Drogen is the founder and chief investment officer of Surfview Capital, LLC, a New York based asset management firm. Leigh specializes in momentum and long/short strategies across several different asset classes. Using technical analysis supported by macro economic and fundamental factors, Leigh takes advantage of high probability movements on the swing trading time frame. Prior to founding Surfview Capital, Leigh served as an analyst and trader for Geller Capital Management, a White Plains, NY based asset management firm. His educational background includes focus in economics and international relations, specifically war theory. Along with publishing his own blog, Leigh heads up the development of the Chart.ly platform at StockTwits. Outside of the markets, Leigh continues to play competitive ice hockey and is a dedicated New York Rangers fan. You can follow him on his blog LeighDrogen.com.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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