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Benzinga

Business

Mark Putrino

Stock Of The Day: Has United Health Found A New Trading Range?

United Health UNH

UnitedHealth Group

UnitedHealth Group Incorporated (NYSE:UNH) presents potential trading opportunities as its stock consolidates, forming a new range between key support and resistance levels. We have made it our Stock of the Day.

There are two basic strategies that traders use when a stock is rangebound. One is to buy near the bottom of the range and to sell close to the top. The other is to wait for the shares to either break out to the upside or break down to the downside.

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