The analyst holds a large long position in UNH, highlighting a strong 80% bounce over 11 months and views it as a fundamentally strong safe haven stock after an ABC correction.
UNH is fundamentally strong, returned to its 200 WMA, and after completing an ABC correction, it has bounced significantly, making it a safe haven position with strong returns.
$UNH From $237 to $437 and to the 200 WMA. Perfect example of theory, fundamentally strong companies return to their 200 WMA. This was a safe haven and one of our largest positions and we have still gained +75% since our buy at $240 Will this do better than our other Safe Haven Silver where we made +350% before trimming? Safe Haven's are seen as boring and slow moving They are not when you buy them after they have completed their ABC correction $UNH bouncing +80% in 11 month is not slow.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +0.0% | +0.0% |
| 1 week | +1.6% | +1.1% |
| 1 month | — | — |
| 3 months | — | — |
| 6 months | — | — |