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Health Insurers Gain On Medicare Advantage

Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual.

Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level: Price at which to enter a GTC limit order to sell on strength.

Aetna (AET - Get Report) ($54.30 vs. $40.96 on June 28) - now has a hold rating versus a strong buy on June 28, and set a multi-year high at $55.37 on Tuesday. My annual value level is $51.85 with a quarterly pivot at $54.20 and annual risky level at $62.77. The weekly chart profile is positive but overbought with the five-week modified moving average (MMA) at $50.40 with the December 2007 high at $60.00.

Centene (CNC - Get Report) ($44.57 vs. $29.91 on June 28): Still has a buy rating and set a 2013 high at $48.55 on March 8. My annual value level is $42.31 with a weekly risky level at $47.24. The weekly chart profile stays negative with a close this week below the five-week MMA at $44.86.

Coventry Health Care (CVH) ($48.27 vs. $33.23 on June 28): Now has a hold rating vs. a buy rating on June 28, and set a multi-year high at $48.67 on Tuesday. My semiannual value level is $46.31 with an annual pivot at $47.43 and monthly risky level at $53.84. The weekly chart profile is positive but overbought with the five-week MMA at $46.67.

Health Net (HNT - Get Report) ($29.12 vs. $25.17 on June 28): Now has a hold rating vs. a buy rating on June 28, and set a 2013 high at $30.61 on Tuesday. My weekly value level is $27.16 with a quarterly pivot at $29.16 and annual risky level at $32.54. The weekly chart profile is positive with the five-week MMA at $27.80.

Humana ($79.11 vs. $79.54 on June 28): Has been downgraded to hold from buy this morning after setting a new 2013 high at $82.47 on Tuesday. My weekly value level is $67.09 with a semiannual pivot at $77.58 and semiannual risky level at $87.03. The weekly chart profile shifts to positive with a close this week above the five-week modified moving average at $71.89.
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SYM TRADE IT LAST %CHG
AET $125.51 -2.63%
CNC $74.44 -7.99%
HNT $71.57 10.01%
HUM $187.50 -2.92%
AAPL $126.44 -0.13%

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