Health Insurers Advance in Bull Run

Yesterday, we looked at a Daily Price Chart of Direxion Daily Semiconductor Bull 3x Shares and noted that the stock had been making a series of 52-Week Highs.

Today’s Chart is for Humana, Inc. (NYSE: HUM).

HUM operates as a health and well-being insurance company in the United States. The company offers medical and supplemental benefit plans to individuals. It also has contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits.

The Daily Price Chart below shows that HUM has traded in a clear bullish pattern of higher highs and higher lows since early October.

Track the Price Chart from lower left to the upper right…

HUM Trades in Bullish

Typically, stocks that make a series of two or more higher highs and higher lows reliably continue on in an upward trend. So we can look forward to a continued advance in HUM’s stock price.

But it’s important to note that strong stock rallies have pullbacks along the way — or buying opportunities for us.

Purchasing HUM after a 3 to 5% price pullback has provided a good entry point for the stock this year, and has produced a healthy return.

We’ll keep watching HUM as it tops its previous highs and waiting for price pullbacks.

Additionally, we’d like to talk about how a previous Chart of the Day stock has done…

Maximizing Our Profit Potential

On November 27th, we highlighted ProShares UltraPro QQQ Nasdaq (NYSE: TQQQ), noting that TQQQ was in a bullish trend and had been making a series of 52-Week Highs.

If you happened to have purchased TQQQ shares on that day? You’d already be up 5.47%.

But if you had purchased the right option contract…

You would be up 21.02% in just three week’s time!

That’s the power of options, and the purpose of my elite trading service, PowerTrend Options. My goal is to bring you one trade closer to changing your entire life with every new recommendation. And as I mentioned last week…

My publisher is only allowing a certain number of new participants until the New Year. Recently, we had about 75 spots left…

Now that number is closer to 50! (Thank you to our newest members.)

If you don’t think you’re ready to trade options big time, I’ve built out a whole course just for that purpose…

Best Regards,

Chuck Hughes
Editor, Chart Of The Day

Chuck Hughes

Written By Chuck Hughes

Before Chuck Hughes won 10 Trading Championships, he was an accomplished Air Force pilot. In fact, he credits his success as a stock and options trader to his disciplined upbringing and career. When he was deciding between a career in the Navy and a career in the Air Force, the Navy told him he’d only have a 33% chance of flying jets. The Air Force gave him 100%. He liked those odds better. 35 years ago, Chuck had a wife, a young daughter, a son on the way, and a huge mortgage to afford. He didn’t want to give up on his lifelong dream and stop flying for a major commercial airline. He knew he needed to supplement his income during the 15 days a month he wasn’t flying. So he used his experience in discipline and math, and his understanding of finance and the stock markets (which he’d always been interested in,) and opened a $4,600 trading account. He made over $460,000 in profits his first two years of trading, and he hasn’t looked back since. When he was diagnosed with Meniere’s disease 15 years later, which commonly leads to vertigo…He knew his career as a pilot wouldn’t last much longer with those odds. But he didn’t have to scurry to find another gig, or panic about how his family would eat… He’d spent the last 15 years perfecting his system and raking in cash. As an options trader, Chuck does not let his emotions get in the way of his trading strategy. He adheres to disciplined and methodical options and stock trades. Because he respects the options game so highly, and understands the true freedom that financial solvency can bring, Chuck was able to design and refine his system and win those 10 Trading Championships. Put simply, Chuck Hughes’ trading strategies work, and in all types of market conditions. They’ve worked throughout the bull, bear, and flat markets America has seen in the last 30 years. Chuck Hughes has spent that time building a reputation as one of the most trustworthy options traders in the industry. His publishing group Legacy Publishing LLC was one of the few trading groups on the planet to have correctly predicted and profited from the 2008 financial crash .As a published author 16 times over, a 10-time Trading Championship winner, and an options-trading teacher for 25 years, he’s learned to trade and teach without an ego.