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Look for Shares of Humana to Potentially Rebound after Yesterday's 1.30% Sell Off

By Nick Russo

Humana (NYSE:HUM) traded in a range yesterday that spanned from a low of $210.01 to a high of $212.45. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $210.69 on volume of 561,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Humana has traded in a range of $150.00 to $220.49 and is now at $211.27, 41% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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

Keywords: rebounders Humana

Ticker(s): HUM