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After Yesterday's Rally of 1.12% Shares Could Potentially Pullback

By David Diaz

Humana Inc (NYSE:HUM) traded in a range yesterday that spanned from a low of $322.69 to a high of $326.43. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $325.16 on volume of 163,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Humana Inc share prices have been bracketed by a low of $231.90 and a high of $327.44 and are now at $325.61, 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Humana Inc on May 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $291.51. Since that recommendation, shares of Humana Inc have risen 10.4%. We continue to monitor HUM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders humana inc

Ticker(s): HUM