Technical Analysis of Financial Markets
Wednesday, September 27, 2006
Humana, Inc (HUM)
Health insurance and healthcare plans provider Humana recently hit a 52-week high. In two months it has rallied some 33%. A recent steeper sub-uptrend beginning second week of Sep ended 4 trading sessions ago and price action has currently found support at the 38.2% Fibonacci retracement level of the subtrend, or ~$65.50. Stochastics still seem overbought; a possible price target of ~$61.50 on break and close below the broader uptrend at $65.
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