Humana Inc (NYSE: HUM) Headed Higher Says Market Timer Frank Kollar

June 28, 2006 (FinancialWire) (By Frank Kollar)

In a declining stock market there are always a few stocks that move higher. Humana Inc (NYSE: HUM), a health benefit company with approximately 7.0 million members in their medical insurance programs, as well as approximately 1.7 million members in their specialty products programs, is one of them.

With a triple digit loss in the Dow on Tuesday as well as a 2% loss in the Nasdaq, Humana still managed to close with a small gain. More importantly Humana, which closed Tuesday at $52.35, is now above an important resistance level at $51.50. The odds are strong this stock will reach the next resistance level at $54.00 a share in coming days.

Long positions could be taken at current levels with a stop below $51.50. Should Humana close above $54.00 the odds would favor a run for the January 2006 highs at 57.46 a share.

Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

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