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New Plays

Healthcare Moving Lower

HAVING TROUBLE PRINTING?
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NEW BEARISH Plays

UnitedHealth Group - UNH - close: 18.89 change: -1.13 stop: 21.05

Why We Like It:
Many of the managed care and healthcare stocks are picking up speed as they reverse lower following last week's bounce. Shares of UNH broke round-number support at $20.00 this morning. Then when UNH bounced midday it failed at the $20.00 level, which is common as broken support becomes resistance.

We are suggesting readers short UNH here with a stop loss at $21.05. Our target is the $15.15 mark. The October low was $14.51 and the $15.00 level might offer some support.

Annotated chart:
UNH

Picked on November 17 at $18.89 
Change since picked:     + 0.00   			
Earnings Date          01/22/09 (unconfirmed)    
Average Daily Volume:      11.4 million     


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