Humana Inc. (HUM): ABOVE $309.51, with a $332 first target, a $372 second target, and a $284 stop loss. Confirmation Volume Area= 520K, Risk Rating= 3, Industry= Health Care Plans

 

HUM TRADING TIP: Watch this VOLATILE formation as it sets up for another stage higher, while the market posts gains. Any further accumulation may break this stock higher, helping it take a run into ‘uncharted territory’. When reviewing new trading ideas for purchase, pay the price that coincides with your desired exit strategy; being patient by waiting for desired prices may drastically reduce trade risk. NOTE: when building a portfolio of Gorilla Picks, consider diversifying by “risk rating”; the action may drastically reduce trade risk.

 

Humana Inc. (HUM) rose $2.83, to $309.02 on a more than 20% increase in its recent average daily volume on Friday! HUM operates as a health and well-being company in the United States. HUM operates through four segments: Retail; Group and Specialty; Healthcare Services; and Individual Commercial. The Retail segment offers Medicare and supplemental benefit plans to individuals or through group accounts. This segment also has contracts with Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program; and contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits. The Group and Specialty segment provides commercial fully-insured medical and specialty health insurance benefits comprising dental, vision, and other supplemental health and voluntary insurance benefits; financial protection products; and administrative services only products to individuals and employer groups. It also offers military services, such as TRICARE South Region contract. The Healthcare Services segment provides pharmacy solutions, provider services, predictive modeling and informatics services, and clinical care services, such as home health and other services to its health plan members, as well as to third parties. The Individual Commercial segment offers individual commercial fully-insured medical health insurance benefits under the HumanaOne brand. HUM also provides closed-block long-term care insurance policies. It has approximately 14 million members in medical benefit plans, as well as approximately 7 million members in specialty products.