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Humana Set to Possibly Rebound After Yesterday's Selloff of 1.87%
Jan 08, 2013 (SmarTrend(R) News Watch via COMTEX) --
Humana (NYSE:HUM) traded in a range yesterday that spanned from a low of $65.99 to a high of $67.78. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $66.07 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend recommended that its subscribers protect gains by selling shares of Humana on November 7th, 2012 by issuing a Downtrend alert when the shares were trading at $69.96. Since that call, shares of Humana have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Humana share prices have moved between a 52-week high of $96.46 and a 52-week low of $59.92 and are now trading 10% above that low price at $66.02 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.8%.
Write to Chip Brian at cbrian@mysmartrend.com
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