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

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Humana Inc (NYSE:HUM) based on the price action in the company's shares. Yesterday's price range of $374.25 and $379.87 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. Traders and investors interested in shares of Humana Inc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Humana Inc (NYSE:HUM) defies analysts with a current price ($377.50) 19.6% above its average consensus price target of $303.67. Humana Inc shares have support at the 50-day moving average (MA) of $330.36 and additional support at the 200-day MA of $320.31.

In the past 52 weeks, shares of Humana Inc have traded between a low of $208.25 and a high of $392.58 and closed yesterday at $377.50, which is 81% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.2%.

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: bullish am inside day candle humana inc

Ticker(s): HUM