Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: United Health Group

Tuesday, June 21, 2011

United Health Group - Barchart Chart of the Day

Barchart.com's Chart of the Day - Unitedhealth Group (UNH)

Barchart Research Team - Barchart.com - Mon Jun 20, 7:03PM CDT

Related Stocks

UNH - Unitedhealth Group Inc.

Sym	Last	Chg	Pct
UNH	51.27	+1.31	+2.62%

The "Chart of the Day" is Unitedhealth Group (UNH), which showed up on Monday's Barchart "NYSE 12-month high" list. UNH rallied up to a 3-1/2 year high Monday of $51.65 and finished the day up +2.6%. Trendspotter (tm) has been long UNH for the past 2 weeks at a price of $47.54. In recent news, Credit Suisse raised its price target for UNH to $66. UNH has absolutely crushed earnings estimates the last four quarters and earnings estimates for 2011 and 2012 have been revised up significantly over the last two months. UNH has grown revenues an average of 12% annually over the last five years and is in the bottom half of its five year valuation range based on P/E, P/S, P/B and P/CF. UNH has an A -- rated balance sheet, yields 1.3% in dividends and sells at an approximate PEG of 1. Unitedhealth Group, with a market cap of $54.128 billion offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. The company's products and services reflect a number of core capabilities, including medical information management, health benefit administration, care coordination, risk assessment and pricing, health benefit design and provider contracting. With these capabilities, it is able to provide comprehensive health care management services through organized health systems and insurance products..

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. Then we applied a "Custom View" heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily Trendspotter(tm) trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Trendspotter: Buy
Short-Term Indicators: 100% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 100% Buy