Friday, April 23, 2010

HUM- April 23, 2010

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

2 comments:

Bull Bull said...

Well maybe the SP is to consolidate these values, do not know, but it's a possible scenario. I draw attention to consolidations when broken many fit into the correction, provided that the consolidation is an area superior to the last

analysis in www.mercadosbull.blogspot.com

PrudentTrader.com said...

Congratulations- Moving away from major indexes into sectors and individual stocks or ETFs shows some substantial growth of this blog.

While everyone is looking at SP / Dow / Nasdaq the smart money buys NFLX, ESI, APOL and so on.

It was never my thinking, it was my sitting! Jesse L.