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UNH is expressing bullish stochastic indicators.

|Includes: UnitedHealth Group Inc. (UNH)

UnitedHealth Group Inc has issued a bullish signal and presents a buying opportunity based on the stochastic indicator, which compares the current price of UNH to its recent trading range. The close above 24/share yesterday was indeed important.  The 6-month chart clearly shows that 24 is not only the current support but also an infliction point.

For those interested in initiating a postion on UNH, consider the following:  buy shares at the current market (24.21/share), and simulataneously "sell to open" the July strike 24 calls which are offered at 1.75/contract.  So, this hedging strategy gives you an intrinsic time value of 1.50/share (1.75 plus 24.0= 25.75- 24.21= 1.50) till july option expiration.  This is not a bad premium earning considering the risk/reward ratio.