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UNH - PRICE BREAKOUT ON HIGH VOL

Last week, on Nov 6, I wrote a lengthy piece on my blog entitled "Combining the strength of previous five year earnings growth rates with the strength of the five and 10 yr moving averages. In it, I chose three stocks to make my points, two of which I panned. The other stock UNH passed the basic filters that I was using. On Friday Nov 9, three days later, UNH's stock price experienced a price breakout of a base to the upside on high volume.

This is an initial confirmation that the few filters employed on earnings growth rates, and positively sloped long term moving averages chosen are viable. If the stock is going to move higher over the intermediate term after this price breakout, it is unlikely that the bull gap low on Nov 2 at 48.12 will be taken out

You can check out the whole article at www.successfultradingtips.com

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