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Watch for Humana to Potentially Rebound After Falling 1.56% Yesterday

By Nick Russo

Humana (NYSE:HUM) traded in a range yesterday that spanned from a low of $213.76 to a high of $219.00. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $217.63 on volume of 537,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Humana share prices have been bracketed by a low of $150.00 and a high of $220.49 and are now at $214.87, 43% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Humana on February 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $209.93. Since that recommendation, shares of Humana have risen 4.3%. We continue to monitor HUM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Humana

Ticker(s): HUM