Trading idea for Humana Inc. (NYSE)

Humana Inc. (NYSE)

#HUM

The trend is upward. The stock is trading between the 365 EMA and the 135 EMA. A truncated downward wave pattern has concluded with a breakout above the descending channel. The Stochastic Oscillator indicates an oversold condition.

Trading idea:

Buy upon the formation of an upward wave pattern.

Stop Loss – 410.50.

Target levels – 425.00; 432.00.