Editor's Note: It's a big week here at Monument Traders Alliance, and this Wednesday could be our biggest reveal in years. Legendary investor JC Parets (also known as "The Chart Whisperer") is going to reveal what he's calling the next big "pivot point" in the markets – and you're invited to be among the only traders on the planet to get access to his proprietary method. On May 21st, he's going to outline his simple, 3-step plan to take advantage of the upcoming market Pivot Point. So don't miss out on this emergency summit. Click here to sign up now. - Ryan Fitzwater, Publisher "UNH took a massive dive over the last 30 days, and insiders are making moves." Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance Last week in The War Room, I noticed massive insider buying on UnitedHealth Group (UNH). You might've seen the healthcare giant in the news recently, as its stock plummeted more than 50% over the last month. The big drop came after news the healthcare giant is facing a criminal investigation from the Department of Justice. Its CEO also stepped down unexpectedly and the company pulled its full-year guidance. Overall, UNH is at its lowest point in more than 5 years. For amateur traders – this dip usually indicates to "stay away." But the truth is… a big down move in a stock could be a signal of an overreaction. Which is why I look to see where the "smart money" is going, and insiders have been pouring into UNH over the last week. Remember – insiders only buy for one reason – they think the stock's price is going to go up. Take a look at some of the recent buys on UNH below. As you'll see, multiple high-ranking officials are buying shares, including the President of the company. This fits my criteria for "Cluster Buying," which is one of my favorite buying signals. |
Post a Comment
Post a Comment