Brian Shannon on $UNH (Nov 3, 2026)
The speaker now likes UNH: its pullback is constructive, with the 20-day above the 50-day, both above a rising 200-day, and the 400 zone a key defended level where recent buyers are at break-even. It is still a little early to buy over the next two to three days; he would buy once the 5-day moving average flattens and price makes a higher high above a flat-to-rising 5-day, stopping below the recent higher low near 400.
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I want your thoughts on UNH because if we're talking about getting out of the way of events, right? Let's not worry. Let's let's talk about things that have already reported. So, they've already reported they've actually gone a little bit higher since the reporting I don't know like two weeks ago on 13th like three weeks ago something like that.
You're getting a pullback in the higher lows. It's above some major moving averages after getting another name. We got destroyed. I see some higher lows on the weekly as well. Any key price levels is that would come into play here if you're looking for maybe a healthcare name or maybe there's a name that you like in that sector or another that looks better than this.
You know, I haven't looked at this one, Neil, and just looking at the daily chart when I pulled this up and I see how it's, you know, pull back to that 20 that 20 is above the 50.
It reminds me of Texas Instruments two weeks ago when we spoke about that right over in here. So, I like the constructive action. Uh I type t type it in properly. I like the constructive action on this pullback that we have that 20 above the 50.
They're both above a rising 200 day moving average here as well. So what what I want to do is then say how have we held the anchor off of this low and we're right on that. How about from this peak?
Well, we're seeing that from that peak the average participant who was buying on the way down is now at about break even and same from this low on the pullback. So this looks like a real important level is this 400 zone.
So then I want to say, okay, we're definitely at a key level of interest because the average buyer from here is making money. The average buyer from this highest point that it's traded this year is making money now as well.
And they have a reason to defend it. So when we look at the 30-inut time frame, I look over here and I see this pattern of the little lower highs and lower lows below a declining 5day moving average.
So it tells me that, okay, we've just run from 390 and change to 405. Maybe we do this pull back. We see that fiveday moving average flatten out and then I would want to be a buyer right over here which is very similar to the Texas Instruments purchase right over here.
So we see the fiveday moving average start to flatten out. It makes the higher high above set a stop below that most recent relevant higher low which ideally would be you know around that 400.
Maybe it's 399 just to mess with people. Um but then to be a buyer as it rounds up over above that flat to rising 5day moving average because this is the key level where of interest it's the 20-day moving average.
It's the anchor off of the uh uh not the year-to- date, but the uh October low. It's an anchor off of the year-to- date high. So, this is a level that needs to be defended. And so far, it looks like it is, but it's just a little early for a buy in the next two to three days.
It's definitely something I'm now going to put on my radar.
Although I now like UNH. So thank you Neil.