Steady Gains for Aetna Inc (NYSE: AET) Says Market Timer Frank Kollar
April 8, 2009 (FinancialWire) (By Frank Kollar)
Shares of Aetna Inc (NYSE: AET have been gaining ground in a steady fashion since their March lows, tacking on some 34% since March 5.
Over the past three weeks, Aetna has progressed higher in a very non-volatile fashion, considering the wild actions of the stock market. This suggests accumulation of shares is quietly occurring.
Look for Aetna to move to $26.78 in coming days, and possibly $28.64, before it reaches strong resistance.
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.
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.
Go to previous Press Releases & Trading Notes.
Note: These Press Releases are short term in nature. They may or may not reflect the same position as current subscriber reports which typically have longer time frames.
© Copyright 1996-2009, Kollar Market Analytics, Inc., All Rights Reserved.
FibTimer reports may not be redistributed without permission. These Trading Notes however may be distributed without permission.
Disclaimer: The financial markets are risky. Investing is risky. Past performance
does not guarantee future performance. The foregoing has been prepared solely
for informational purposes and is not a solicitation, or an offer to buy or sell
any security. Opinions are based on historical research and data believed reliable,
but there is no guarantee that future results will be profitable. |
