Fundamentally, it is a good stock to own. It is in line with the rest of the insurance industry in terms of pricing, with healthy debt levels and profit margins. But you also have to consider that the debate regarding M4A, or even a public option, is going to heat up once 2020 hits, really escalating if the Dems take it all. But I believe that those fears are overblown, because there are way too many people on both sides of the aisle that would be kind of squeamish on the idea.
Technically, there are signs of a potential cup and handle pattern. There is a possibility of a drop from the 290-291 Fibonacci resistance point, but it could more than break that point with a great earnings report. Plus, there has been some significant activity in calls expiring 11/8, 2 days after they release their earnings.
Technically, there are signs of a potential cup and handle pattern. There is a possibility of a drop from the 290-291 Fibonacci resistance point, but it could more than break that point with a great earnings report. Plus, there has been some significant activity in calls expiring 11/8, 2 days after they release their earnings.