"Goodmorning...The market was unable to lift with any conviction on Tuesday and the morning will start off to the downside in the early going. We believe the gap down this morning may afford a decent risk/reward opportunity for astute traders that utilize stop-losses in their trading. Given the oversold nature of the market and the barrage of "bad news" over the past couple of weeks, we see a turn around in the works as more traders throw in the towel. We have been recommending patience of late, but think some exposure at current levels may be warranted, and worth the risk/reward.
StockPickReport.Com
Momentum Service
Wednesday, July 14, 2004
Your new stock pick today is Humana (NYSE:HUM) with a target of $19.00 and a stop/loss at $16.00. HUM broke out yesterday on heavy volume, lifting the share price out of a downtrend with a large engulphing bar. This looks like a change in character for the stock...could rest a day or two but overall should be in good position to move higher from here sooner rather than later."
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