Awesome Oscillator Reaches 0.7285497 on Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Stock market players may have differing opinions on which type of research approach is best. Individual investors who prefer buy and hold strategies may be more likely to be studying the fundamentals. Traders that are constantly buying and selling shares may be more concerned with technical analysis. High frequency traders may be willing to take on more risk entering the market. For these types of traders, entry and exit points become far more important. Traders may be relying solely on charts in order to capture profits based on day to day, hour to hour, or minute by minute price fluctuations. Long term investors may not be as concerned with the daily ups and downs of the market. 

There are a number of different pivot points that traders can use when conducting stock analysis. Pivot points can be useful for traders looking to establish trading entry and exit points. Focusing on some popular one month pivots on shares of UnitedHealth Group Incorporated (NYSE:UNH), we see that the Woodie pivot is currently at 241.80125. The Woodie support 1 pivot is 233.3225, and the Woodie resistance 1 pivot is 247.4775. The Camarilla one month pivot is presently 241.95166. The one month Classic pivot is 241.95166 and the Classic resistance 1 is 247.77834 while the Classic support 1 pivot is measured at 233.62334.

Tracking some stock ratings, we can see that the stock’s Moving Average Rating is currently pointing to a “Buy”. Traders may be monitoring many different indicators in order to get a grasp of where the stock may be moving in the near future. Taking a look at the Oscillators rating, we note that the reading is pointing to a “Buy”.

Following trading action on shares of UnitedHealth Group Incorporated (NYSE:UNH), we see that the stock has moved 2.12 since the opening price of 245.48. So far, the stock has reached a high of 247.76 and dipped to a low of 245.1821. The consensus rating on the stock is currently Buy, and today’s volume has been measured around 1236810.

Technical traders have many tools at their disposal when conducting stock research. One of those tools is the Exponential Moving Average or EMA. The EMA is similar to the simple moving average, but more weight is put on the newest data. Let’s look at some different EMA levels:

10 day Exponential Moving Average: 244.1901
20 day Exponential Moving Average: 244.3217
30 day Exponential Moving Average: 246.04488
50 day Exponential Moving Average: 250.01425
100 day Exponential Moving Average: 255.80498
200 day Exponential Moving Average: 257.8544

Taking a look at the Donchian Channels indicator, we note that the 20 day lower band is 236.125. The 20 day upper band is 250.28. This indicator was created by Richard Donchian, and traders follow these channels to help identify potential trading signals.

Traders will take note of the 20 day Chaikin Money Flow indicator that is now at 0.116959296. The value of this indicator will fluctuate between 1 and -1. Traders may be watching when the CMF crosses zero. This cross might point to a bullish or bearish price reversal depending on which way it is moving crossing the zero line.

The Awesome Oscillator reading is currently 0.7285497 for UnitedHealth Group Incorporated (NYSE:UNH). Technical traders will watch the AO especially when it crosses above or below the zero line. A move above the line may signal a bullish scenario. A move below the zero line may indicate a bearish selling opportunity. The AO may prove to be a valuable tool for many momentum traders.

Investors may be wondering what’s in store for the next few months in terms of the equity market. Many investors may be hesitant to get into the mix with markets still trading at such high levels. Sometimes, the fear of missing out on the next big run will cause investors to make hasty decisions. Taking the time to do the full research can help offset the jitters associated with picking stocks. Finding stocks that still have room to head higher can be tricky, but there are still plenty of them out there. Although nobody can say for certain which way the market will trend into the New Year, investors should be on the lookout for opportunities that may present themselves over the next quarter. All eyes will be focused on company earnings when the next round of earnings reports begins.  

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