United Health collects profits - Analysis - 06-06-2023

United Health Group Incorporated's stock (UNH) fell in the intraday levels on profit-taking, while gathering momentum to rise anew, as the stock marked a loss of 0.28% in the last session, or 1.39 points, and settling at 498.18, amid the dominance of the upward correctional trend in the short term, with positive signals from the RSI despite reaching overbought levels, as it also benefited from positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the important resistance of 505.50, provided the support of 487.75 holds on.

Expected trend for today: Bullish