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Benzinga
84 days

UnitedHealth Hits 2008-Era Oversold Levels As Citadel Advisors Sells, Fisher Buys

1. UNH stock is oversold, hitting lows not seen since 2008. 2. It has dropped 42% this year and 30% in the last month. 3. UNH trades well below its key moving averages, indicating bearish trends. 4. Hedge funds show split sentiment: Citadel sells, Fisher buys more. 5. Despite concerns, UNH added 700,000 new clients last quarter.

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FAQ

Why Bearish?

The steep price drop and oversold status indicate significant negative sentiment. Historical precedents suggest similar downturns often lead to prolonged recovery times.

How important is it?

The article highlights critical technical indicators and investor sentiment that could influence UNH's stock. Its emphasis on hedge fund actions underscores ongoing volatility.

Why Short Term?

Immediate technical signals indicate potential for further declines. A short-term rebound is possible only if fundamentals improve quickly.

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