This Health Care Company Is Shooting for 57 Consecutive Earnings Beats

According to Yahoo! Finance, Unitedhealth Group (UNH) has beaten Wall Street EPS consensus estimates 56 quarters in a row. That's impressive.

I didn't go back 14 years to study the market's reaction to each of those reports, but I can say that UNH has gapped higher after 4 of its last 5 quarterly earnings reports and its absolute and relative strength would argue for another solid report and reaction on Friday, July 15th - the date of its next earnings announcement:

Enter Unitedhealth Group (UNH):

I wouldn't overlook the strong AD line as it appears there are plenty of institutions willing to buy UNH on any short-term weakness. And UNH's strength in trending above its 20-day EMA suggests that it remains in a buyable uptrend. Tuesday's low pierced the 20-day EMA intraday and it even tested the 50-day SMA, prior to reversing later in the session to close well above both moving averages.

What does this mean?

• Those three bottom panels on the chart show that UNH remains (1) an excellent relative performer to both its peers and the benchmark S&P 500, and (2) its industry group continues to lead the S&P 500.
• UNH is a leader in a leading industry group - generally what we look for at EarningsBeats.com.

Happy Trading! Tom Bowley Chief Market Strategist EarningsBeats.com Better Timing. Better Trades.