During the tough market conditions like we are at now there are still few survivors to stand out. There are three criteria to qualify.
- Fundamentally, it must be profitable consistently
- Technically, it must hold above three key moving average lines: 20, 50, 200
- It must hold up well in in the past 5-10 years to prove it has a solid track record
It should be interesting to note that UNH grew 10X in the past 10 years (20013-2023) as shown.
The industry of Healthcare insurance also belongs to a defensive industry that should be resilient for the bear market. It is worth attention for UNH for years to come.