Here’s 2 Healthcare stocks that Scott thinks are worth watching – March 1, 2022
UNH ANTM
This is Scott with your Chart of the Day. I want to take a look at two healthcare plan stocks that are still in pretty good uptrends. If I zoom out here on UNH ( NYSE: UNH ) you can see UNH ( NYSE: UNH ) hasn’t broken below its 200-day moving average. You can’t say that about most stocks in the market today.
The last few days it has just kind of been going sideways but just consolidating right near a pretty key level, its 50-day moving average, that’s the red line here. So what I think we should do is set an alert just above this high here, maybe around that 477.40 level or just below. And then we will want to watch for UNH ( NYSE: UNH ) to get above and stay above that 50-day moving average and do it on volume.
Another healthcare plan stock is Anthem ( NYSE: ANTM ). ANTM ( NYSE: ANTM ) is already above its 50-day moving average and has this nice daily flag pattern. Resistance, resistance, and it is right under resistance here now. We want to see it get above, stay above and do it on volume. The thing that makes me the most excited about this setup is the fact that in the last hour of trading today we had a nice pickup in volume here.
So Anthem ( NYSE: ANTM ) and UnitedHealth Care ( NYSE: UNH ) I think are two stocks you definitely want to keep an eye on over the next few days.
Free Chart