Shares of $UNH plunged 7% on Friday following news that the U.S. Department of Justice (DoJ) has opened an investigation into billing practices in recent months. Over the past month, the stock has more or less just been falling. I have a smaller position, but I won't be overbought.
Are you overbought $UNHstock after this drop?
The stock is already getting to a very interesting price. I overbought after the drop and will now hold the stock long term.
I'd rather wait for more news and see how it develops.
The stock is quite cheap right now, but I'd rather wait for more news and watch for further developments.