NEW YORK (TheStreet) -- I have been positive about the health care industry as profits increase on new business mandated by the Affordable Care Act.
Six of the eight companies profiled here beat analysts' earnings estimates for the second quarter, and all have set all-time or multiyear intraday highs this year. The biggest year-to-date gainers are Health Net (HNT) , which is up 58%, Centene (CNC) , up 34%, and WellPoint (WLP) , up 28%.
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Dow component UnitedHealth Group (UNH) has announced that it will participate in as many as 24 of Obama Care's individual health insurance exchanges in 2015, up from four this year.
Most insurance companies have indicated that they will have contingency plans for the upcoming enrollment period as they are worried that a flood of traffic could result in new glitches in healthcare.gov.
During the first enrollment period last year, the Web site had back-end problems with connections to insurers, and that resulted in consumers' complaints, tying up phone lines. By a government count, 10.3 million people are enrolled in Obamacare.
The profiles below provide trading guidelines for the stocks and two 'crunching the numbers" tables follow.
Aetna (AET) ($83.95) set an all-time intraday high at $85.72 on July 22, and fell as low as $74.81 on Aug. 7, even though the company reported higher-than-expected earnings on July 29. The stock is above all five moving averages in today's first "crunching the numbers" table with rising 12x3x3 weekly slow stochastics.
Semiannual and weekly value levels are $82.98 and $80.61, respectively, with monthly and quarterly risky levels at $84.38 and $87.87, respectively.
Centene ($78.93) set an all-time intraday high at $81.98 on July 22, and fell as low as $70.98 on Aug. 6, even though the company posted earnings that beat estimates on July 22. The stock is above all five moving averages in today's first "crunching the numbers" table with rising 12x3x3 weekly slow stochastics.
Weekly and semiannual value levels are $74.34 and $74.28, respectively, with monthly and semiannual risky levels at $81.00 and $82.74, respectively.
CNO Financial Group (CNO) ($17.45) set a multiyear intraday high at $19.33 on March 11, and traded as low as $15.55 on May 19. The stock has been trading around its 200-day simple moving average since May 7, when the average was $16.40.
CNO reported earnings that missed estimates on July 28, and its stock fell to a secondary low at $15.89 on Aug. 1. The stock closed Monday on the cusp of its 200-day SMA, which is now at $17.38.
The weekly chart is positive with its five-week modified moving average at $17.30. Monthly and semiannual value levels are $16.92 and $15.03, respectively, with a weekly pivot at $17.01 and semiannual and quarterly risky levels at $17.80 and $20.53, respectively.
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