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If history is any guide, there may be good fortune ahead for shares of Humana (NYSE:HUM). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
What To Know: Many traders use moving average crossover systems to make their decisions.
When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.
Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.
The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term trend is changing.
That just happened with Humana, which is trading around $456.83 at publication time.
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Remember: Seasoned investors don't blindly trade Golden Crosses.
Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.
For seasoned investors, this is just a sign that it might be time to start considering possible long positions.
With that in mind, take a look at Humana's past and upcoming earnings expectations:
Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
---|---|---|---|---|
EPS Estimate | 1.16 | 4.66 | 6.82 | 7.07 |
EPS Actual | 1.24 | 4.83 | 6.89 | 7.67 |
Revenue Estimate | 21.23B | 20.91B | 20.52B | 20.52B |
Revenue Actual | 21.20B | 20.87B | 20.58B | 20.75B |
Also consider this overview of Humana analyst ratings:
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This article was generated by Benzinga's automated content engine and reviewed by an editor.