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UnitedHealth Stock Price Levels to Watch After Extended Sell-Off
UNHUnitedHealth(UNH) Investopedia·2024-12-19 22:50

Core Insights - UnitedHealth shares have been declining since the CEO of its UnitedHealthcare unit was killed in New York City on December 4, contributing to the Dow Jones index's longest losing streak in 50 years [2][3] - The stock has lost 20% since December 4 and 7% since the start of the year, closing at 489.25aftera2.1489.25 after a 2.1% drop on Thursday [3] Technical Analysis - The stock found buying interest around the 200-week moving average, which has historically provided support, with previous rebounds of 41% and 19% following similar price closures [5][6] - Crucial support levels to watch include 460, where buying interest may emerge, and 430,whichcouldberevisitedifthestockclosesbelow430, which could be revisited if the stock closes below 460 [7] - Key resistance levels include 550,justabovethe50weekmovingaverage,and550, just above the 50-week moving average, and 610, where investors may look to lock in profits [8][9]