Health Net (HNT) ($31.03 vs. $32.87 on Oct. 2) -- Between July 8 and Oct. 2, this stock gained just 2.5%, setting a multiyear high at $33.90 on Sept. 16. Between Oct. 2 and Oct. 22, this buy-rated managed-care provider slipped 5.6% vs. the S&P gain of 3.6%. The 200-day SMA is $29.90 with an annual pivot at $32.54 and monthly and annual risky levels at $33.18 and $35.35.
Humana (HUM) ($92.82 vs. $94.87 on Oct. 2) -- Between July 8 and Oct. 2, this stock gained 12.6%, setting a multiyear high at $99.85 on Sept. 16. Between Oct. 2 and Oct. 22, this buy-rated provider of health care services networks slipped 2.2% vs. the S&P gain of 3.6%. My semiannual value level is $90.53, with an annual pivot at $91.58 and a weekly risky level at $94.56.
My son is an insurance agent for Bankers Life and Casualty, which is a business segment of multi-line insurance company CNO Financial Group (CNO) ($15.04). Other segments are Colonial Penn and Conseco Insurance Group. Bankers Life has an affiliation with Humana, and so agents can also offer health insurance plans. CNO Financial has a hold rating and set a multiyear high at $15.25 on Oct. 22. My semiannual value level is $14.08 with monthly and quarterly risky levels at $15.44 and $15.50.
UnitedHealth Group (UNH) ($68.86 vs. $72.57 on Oct. 2) -- Between July 8 and Oct. 2, this stock gained 7.4%, setting a multiyear high at $75.88 on Sept. 16. Between Oct. 2 and Oct. 22, this buy-rated health care provider and Dow component slipped 5.1% vs. the S&P gain of 3.6%. My semiannual value level is $62.39 with weekly and semiannual risky levels at $71.38 and $73.01. UnitedHealth reported quarterly results on Oct. 17 with an EPS miss of 1 cent, earning $1.53 a share.WellCare Health Plans (WCG) ($70.00 vs. $72.71 on Oct. 2) -- Between July 8 and Oct. 2, this stock gained 25.7%, setting a multiyear high at $73.41 on Oct. 4. Between Oct. 2 and Oct. 22, this hold-rated provider of managed care services targeted to government-sponsored health care programs slipped by 3.7% vs. the S&P 500 gain of 3.6%. The 50-day SMA is $68.38 with an annual pivot at $69.44 with a semiannual risky level at $72.05. WellPoint (WLP) ($88.43 vs. $86.60 on Oct. 2) -- Between July 8 and Oct. 2, this stock gained 4.2%, setting a multiyear high at $90 on July 24, which was nearly retested on Sept. 16 and Oct. 16. Between Oct. 2 and Oct. 22, this buy-rated health benefits company with affiliations with some Blue Cross and Blue Shield associations gained 2.1%. Weekly and semiannual value levels are $85.96 and $83.77 with a monthly risky level at $90.30. WellPoint reported quarterly results Wednesday and beat EPS estimates by 27 cents, earning $2.10 a share. The company also beat on the revenue line.
At the time of publication, the author had no position in any of the stocks mentioned. Follow @Suttmeier This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV