Bullish DailyPlay for Tuesday May 2nd, 2017 – Humana (HUM)

The bullish DailyPlay we chose for Tuesday May 2nd is Humana (HUM). HUM is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 1.48% move higher and its 1m and 6m trend has turned bullish on 4/25 and has recently bounced higher off its $72 support level.

Humana’s 1m and 6m trends turned bullish on 4/10 and recently broke above its $220 resistance level on high volume which now becomes support. With a technical score of 9 (out of 10), HUM is a strong bullish stock that looks to continue higher.

View this Trade Idea on HUM

As a stop loss, if HUM was to trade below $220 for multiple days, this would invalidate our analysis and suggest getting out of the trade.