Technical Indicators Favor UnitedHealth Stock Ahead of Q3 Earnings
UnitedHealth Group (UNH) shows bullish technical signals as it approaches its Q3 earnings report on October 28. Despite projected earnings declining 61% to $2.82 per share due to rising medical costs, revenue is expected to grow 12% year-over-year to $113.04 billion.
The MACD indicator and EMA positioning suggest upward momentum, with the stock price at $364.86 comfortably above its 50-day EMA of $340.77. A positive Rate of Change further confirms the bullish trend.