Tuesday, April 2, 2013

Technical Analysis: United Healthcare Forms Gravestone Doji (UNH)

Time was when I could spot an under-reserved insurer with one whisk of my slide rule. (look it up, punk)
As we said in 2011's "Technical Analysis: Beware the Gravestone Doji":
You sneer at 'Hindenburg Omens', you eat 'Death Crosses' for Breakfast.
Alright* tough guy
...MORE
From Global Macro Monitor:
It will be interesting to watch how UNH trades tomorrow after carving out a classic gravestone doji today.   At today’s high the stock was up almost 20 percent from its February close.    The books say today’s pattern sets up a short-term reversal.   Stay tuned.
Apr2_UNH
*I know"alright" isn't a word. It's just that "all right" looks weird.