Swing Trade Quick Pick: Humana (HUM)
Humana (HUM) with ascending triangle breakout
I've only added one new trade so far today. A lot of stocks are trading at some heavy extremes intraday, particularly when you are basing it off of Pivot Points. I don't like to trade stocks when they are above the R3 level intraday, like we see in Amazon.com (AMZN) which has a great looking breakout on its hands on the daily chart from the recent short-term descending channel.
But Humana (HUM) has everything that I am looking for in a stock toda... not overcooked... with a favorable price pattern and a breakout of consolidation.
I am long from on this stock from $80.60.
Long: Humana (HUM).