Healthcare stocks plummeted yesterday after the Trump Administration proposed keeping rates flat for Medicare Advantage. One particular name that stood out among healthcare stocks was Humana Inc. (HUM).
The stock fell over 21%, hitting a 52-week low.
Despite the catastrophic selloff, there was something about HUM that caught Scott Bauer’s eye…enough for him to propose what the Schwab Network’s Marley Kayden described as a “bold choice.”
Scott appeared on the Schwab Network yesterday, where he outlined a surprisingly bullish trade example for the spiraling healthcare stock. Scott discussed the opportunity he believes exists in HUM, why he loves it, and how he would consider trading the stock.
The analysis, insights, and strategies shared by Prosper Trading Academy’s coaches in Prosper Insider are strictly for educational and informational purposes only. All content reflects the personal opinions of the coaches and should not be construed as specific investment advice or recommendations. Any examples discussed are illustrative in nature and do not represent actual live trade signals or instructions to buy or sell securities. Trading involves risk, and individuals should carefully evaluate their own financial situation before making investment decisions.
Scott covers the following details:
- The critical support level HUM has approached
- Taking potential advantage of the news-driven catalyst behind HUM’s price drop
- Why Scott believes his example trade could minimize anticipated risk exposure
- The specific move he would look for HUM to make before entering this trade
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In case you haven’t heard…
We’re holding our first ever Open House this week at Prosper Trading Academy!
For the entire week—January 26-30—Charlie Moon is offering free access to his Momentum Stocks Live Trading Room.
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There’s still time to get your free pass to Charlie’s Open House.
