To The Moon

Covid virus - magnified and colourfied

I finally succumbed to covid virus since it first became a “sensation” in February 2020 when news broke out about this new wave virus.

It ruined my holiday plan and worst of all caused me an immense amount of pain during the first two days of the full-blown invasion.

Today (Mon 19 Jun) is the 7th day of the aftermath.

I am a far cry from the first few days where I couldn’t even swallow a drop of water without bringing immense pain in the throat; for which I am grateful.

However, I am still not a shadow my former self yet.

It will take time because with the throat inflammation subsided, I have effortlessly slipped into endless coughing fits.

I will have to try to manage by hook or by crook I guessed.

During my sick days, I was drifting in and out of sleep as my body was too weak to do anything but.

In the few minutes when I was awake on my bed, I could not think of anything except how important health and healthcare is and could be.

In that few waking minutes, I have decided to make it a point to include “Health” stock in my portfolio eventually.

There is simply nothing more important than health.

Healthcare will get progressively more expensive and not inexpensive in the future - agree?

For that, I refer to my 17 January 2022 post simply titled “United Health Cares!” (click to read if interested).

Back then it was a follow up article to my initial research piece from the list of diverse sectors stocks available on the US market.

Looks like things have come full circle, agree. LOL!

All facts, figures and quarterly earnings of $UnitedHealth(UNH)$ have been covered in my previous posts. It will not be repeated here.

UNH - 16 Jun 2023 stock price

What I would like to highlight is UNH stock prices in the posts that I have covered:

• 30 Dec 2022 - $528.45.

• 13 Jan 2023 - $489.57.

• 16 Jun 2023 - $458.49.

At a glance, it is obvious that it has fallen by -$69.96 per share since my 30 Dec post.

Stock Price slide - root cause

Reason for the recent stock price slide is attributed to “foreseeable uptake in surgeries from now till year end”.

Insurance companies have benefited in recent years from a delay in nonurgent procedures due to hospital staffing shortages and the pandemic, that saw hospitals inundated with Covid patients.

Hospitals at that time were widely seen as too risky to enter for elective procedures.

Lives have since transited back to pre-pandemic times and people are picking up the pieces from, they have left off and out comes these “delayed” surgical procedures that have been long overdue.

Analyzing UHN’s technical chart readings:

• Current stock price is way below UNH’s 200-day ma, 50-day ma and 20-day ma.

• Its current RSI reading stands at “35” implying it is “dangerously” close to “oversold” reading of 30.

• Its 52-week lowest price was $445.68.

• Compared to last Fri, 16 Jun closing price ($458.49), it is a mere $12.81 difference.

Would you agree that a buying opportunity is in the making?

I will be watching this stock closely from now onwards.

• Do you think Healthcare stock is worth a look?

• Do you think current UnitedHealth stock is a buy potential?

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