EquityCast

Long $HUM

Long
EquityCast Updated   
NYSE:HUM   Humana Inc.
Healthcare is beaten down and I am now long Humana (250 shares), United Health Group (500 shares), Cigna (long call options).

Long 1/2 position here. Bounce looks to be imminent. Could go a bit lower but the chart looks excellent for a bounce on this healthcare sector growth company.

Daily hammer candlestick close after a very nice retracement and gap fill. Now time to fill the upside gap.

Note earnings are next week.

Entry: $ 489 (250 shares)
Stop loss: None yet. I will add on any further weakness.
Trade active:
+250 shares @ 486.75.

Now at max position:
500 shares - 487.88
Stop loss: 477.50
PT 1: 500
Trade active:
Sold 250 shares @ 502 ($ 13 gain per share)
250 shares remaining (486.75 average)
Stop loss moved to break-even (486.75)
Comment:
Sold 250 shares at 503 (16.25/share profit)
Trade closed manually:
-
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