LLY - Healthcare momentum struggling with UnitedHealth set to report: Sector Watch
UnitedHealth (UNH) will report earnings this Thursday.On average, analysts are looking for a quarterly profit of $4.37 per share on revenue of $69.1B. There have been nine upward EPS revisions in the past 90 day, compared with three downward revisions.Option Care Health (OPCH) and Cardinal Health (CAH) will be active Thursday as well, as they trade in tandem with UNH about 75% of the time on earnings day, according to Seeking Alpha's Catalyst Watch.UNH shares are trading close to an all-time high. The stock, which has an outsize impact on the Dow with the highest price level, rose 2.5% last week and is up 7.3% year to date.But there's some concern about price momentum.The 50-day simple moving average has been crossing back and forth with the 100-day SMA since the middle of March. A decisive cross of the 50 below the 100 would be a bearish signal.But the price broke
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Healthcare momentum struggling with UnitedHealth set to report: Sector Watch