• Return to Headlines

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

By Amy Schwartz

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 $279.41 and $282.15 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.

Over the past year, Humana Inc has traded in a range of $261.35 to $355.88 and closed yesterday at $279.82, 7% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Potential upside of 8.5% exists for Humana Inc, based on a current level of $279.82 and analysts' average consensus price target of $303.67. The stock should run into initial resistance at its 50-day moving average (MA) of $291.61 and subsequent resistance at its 200-day MA of $310.94.

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.

SmarTrend is tracking the current trend status for Humana Inc and will alert subscribers who have HUM in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish am inside day candle humana inc

Ticker(s): HUM