Humana could regain its upward trend after having run out of steam

After the takeover bid of Aetna on Humana, the company has positively reacted but then it seems that the stock came back near its previous prices.


Technicaly speaking, Humana is in an uptrend in the medium and long term, but the last bearish movement returns close to a major support level. This threshold, if preserved, will enable to benefit from the bullish movement. The 100 day moving average is also a support of the bullish trend in daily data.

Consequently, we expect a rebound near the current support levels (USD 182.4). The most active investors can buy the share in this area and target a reversal toward USD 199.3. A stop loss can be placed under the USD 182.4 support.