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Wajeeh Khan

UnitedHealth Stock Just Surged Into Overbought Territory. Is It Too Late to Bet on a Turnaround?

UnitedHealth UNH Medicare Medicare Advantage UnitedHealth Group

UnitedHealth (UNH) stock is pushing higher on Tuesday after the insurance giant posted a strong Q1 and raised its full-year profit guidance to at least $18.25 per share. 

The post-earnings momentum drove UNH’s relative strength index (RSI) into the 80s, indicating the stock is now overbought and may be due for a technical correction in the days ahead. 

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