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Possible Bearish Inside Day Candle Pattern Detected for Humana Inc (NYSE:HUM)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Humana Inc (NYSE:HUM) based on the price action in the company's shares. Yesterday's price range of $337.27 and $353.05 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Humana Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Humana Inc. is a managed health care company with medical members located in the United States and Puerto Rico. The Company offers coordinated health care through health maintenance organizations, preferred provider organizations, point-of-service plans, and administrative services products. Humana offers its products to employer groups, government-sponsored plans, and individuals.

Humana Inc (NYSE:HUM) is currently priced 10.6% above its average consensus analyst price target of $303.67. The stock should find initial support at its 50-day moving average (MA) of $330.83 and further support at its 200-day MA of $303.24.

In the past 52 weeks, Humana Inc share prices have been bracketed by a low of $231.90 and a high of $355.88 and closed yesterday at $339.59, 46% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.

SmarTrend is monitoring the recent change of momentum in Humana Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Humana Inc in search of a potential trend change.

Keywords: bearish am inside day candle humana inc

Ticker(s): HUM