HUM climbs to highest close since January 29th


Humana Inc. (HUM) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team

Highlights

HUM closes below its opening price unable to hold early session gains
HUM closes higher for the 3rd day in a row
HUM pushes through previous session high
HUM rises to highest close since January 29th
HUM ends the day indecisive

Overview

Moving higher for the 3rd day in a row, HUM finished Monday at 289.95 gaining $2.33 (0.81%). Today's closing price of 289.95 marks the highest close since January 29th. Trading $1.93 higher after the open, the market was unable to hold its gains as the bears took control ending the day below its opening price. Closing above Friday's high at 288.95, Humana Inc. confirms its breakout through the prior session's high having traded $2.98 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (HUM as at Apr 16, 2018):

Daily technical analysis candlestick chart for Humana Inc. (HUM) as at Apr 16, 2018

Monday's trading range was $2.95 (1.02%), that's far below last trading month's daily average range of $5.71. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being above average.

Prices are trading close to a key support level at 288.63.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

With prices trading close to this year's high at 292.80, upside momentum might speed up should the stock be able to break out to new highs for the year.


Market Conditions for HUM as at Apr 16, 2018

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