Nov. 14 at 11:46 PM
$HUM is currently trading at
$237.12, significantly below its 30-day moving average (MA30) of
$273.83 and 50-day moving average (MA50) of
$271.04, indicating a bearish trend. The RSI of 15.58 suggests that the stock is heavily oversold, which could lead to a potential bounce. The 60-day high of
$315.35 and low of
$230.71 establishes a trading range, with the current price near the low end.
For a trade plan, consider entering a long position at
$240, anticipating a corrective rally. Set a stop-loss at
$230 to manage risk. Target 1 can be set at
$260, aligning with the MA50, while Target 2 can be at
$273, near the MA30. This strategy leverages the oversold condition indicated by the RSI while considering the prevailing bearish trend reflected by the moving averages.
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