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Humana $HUM Pulls Back, But More Upside Is Coming

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Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 9/3/2021 8:24:58 AM
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Humana Inc. to Present at the Morgan Stanley 19th Annual Global Healthcare Conference Business Wire - 8/30/2021 4:30:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 8/20/2021 5:02:49 PM
Humana Board Declares Payment of Quarterly Dividend to Stockholders Business Wire - 8/19/2021 6:30:00 AM
Humana Acquires Kindred at Home TipRanks - 8/18/2021 3:52:48 AM
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Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) Edgar (US Regulatory) - 8/2/2021 6:05:29 AM
Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp) Edgar (US Regulatory) - 7/30/2021 6:05:10 AM
ITMS Member Level  Monday, 07/15/19 12:34:19 PM
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Humana $HUM Pulls Back, But More Upside Is Coming

In 2019, all of the leading managed health care stocks have been very volatile. Political pressure from both sides of the aisle have been the catalyst for the excessive whipsaw in this industry group. Stocks such as Humana Inc (NYSE:HUM), Cigna Corp (NYSE:CI), UnitedHealth Group Inc (NYSE:UNH) and others have been very susceptible to political news on a daily basis. Last week, the sector rallied sharply higher after the White House abandoned its plan to eliminate rebates from government drug plans. Unfortunately, these stocks are pulling back today after Presidential candidate Joe Biden proposes a public option for health insurance for anyone who wants it and will give power to Medicare to negotiate drug prices.

Last week, the managed health care stocks all broke out on a technical basis. Humana Inc (NYSE:HUM) is one stock that should have more upside despite today's pullback. Today, HUM stock is falling by $4.48 to $286.77 a share. Traders and investors should now watch and see if this stock can consolidate on the charts as last week's break-out pattern suggests a move back up to the $310.00 level. This major resistance level is where the stock sold off in late February 2019. I will be be keeping this leading heath care stock on my radar for a bullish pattern development.





Nick Santiago
InTheMoneyStocks

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