Every now and then, I look for possible opportunities (long or short) in areas other than those I frequently cover.
In the past, I have featured stocks such as NFLX, ESI, APOL, and PICO.
For some time, I have been interested in US health insurers.
Here is a long term count of HUM
If correct (that nasty word if, again), there is a lot of potential upside in the months and years to come.
Currently, however, HUM is in a downtrend
I shall have to see how far the correction goes. If the count is correct, then the top of intermediate wave 1 around 41 should hold.
Some say that the biggest beneficiary of the recent healthcare laws in the US will be insurers. If they are right, stocks of companies like HUM should progress in a steady, impulsive manner for a long time. But before that, let’s see if HUM can halt its recent decline without violating support
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago