UnitedHealth Group Inc. - UNH - close: 51.15 change: -0.63

Stop Loss: 49.75
Target(s): 54.75
Current Gain/Loss: + 0.0%
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
Healthcare stocks have been some of the best performers in recent weeks. We want to take advantage of the market's weakness today to hop on board UNH, which has one of the strongest up trend. Shares dipped toward psychological support at $50.00 and bounced. I am suggesting small bullish positions now with a stop loss at $49.75. More aggressive traders may want to widen their stop and place it under the 50-dma instead. Our target is $54.75. I would be tempted to aim higher but we do not want to hold over the July 19th earnings report.

- small positions -

Suggested Position: buy UNH stock @ current levels

- or -

buy the July $50 call (UNH1116G50) current ask $2.07

Annotated chart:

Entry on June 24 at $xx.xx
Earnings Date 07/19/11 (confirmed)
Average Daily Volume: 7.9 million
Listed on June 23, 2011