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Humana Inc Set to Possibly Rebound After Yesterday's Selloff of 1.71%

By James Quinn

Humana Inc (NYSE:HUM) traded in a range yesterday that spanned from a low of $361.27 to a high of $364.75. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $362.63 on volume of 460,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Humana Inc has traded in a range of $225.65 to $376.39 and is now at $358.14, 59% above that low. The 200-day and 50-day moving averages have moved 0.87% higher and 2.33% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Humana Inc on October 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $273.36. Since that recommendation, shares of Humana Inc have risen 33.2%. 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