HUM breaks key support level
Humana Inc. (HUM) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team
HUM ended the week 0.03% higher at 337.24 after losing $0.69 (-0.2%) today. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending with a weak close near the low of the day sets a bearish note for the next session.
Daily Candlestick Chart (HUM as at Sep 14, 2018):
Friday's trading range was $3.08 (0.91%), that's below last trading month's daily average range of $4.27. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly above average.
Breaking below the key support level at 337.56 today, it is now likely to act as resistance going forward.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.