Stock Technical indicators to notice in COVENTRY HEALTH (HCA.F)
1- Last bullish trend was from 24.55 $ (4/17/2012) to 25.42 $ (4/20/2012) a 0.87 $ move 2- The current bearish trend started from 25.42 $ at 4/20/2012 and is currently trading at 22.97 $.
COVENTRY HEALTH (HCA.F) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 2.360 $ height triangle which was broken down at 24.610, target of the pattern is 22.250.
COVENTRY HEALTH (HCA.F) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 24.300 and 22.360 that was broken down at 25.160 transforming into a resistance line.
COVENTRY HEALTH (HCA.F) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 20.080 and 18.820 that was broken down at 22.660 transforming into a resistance line.
Stock Trading Conclusion:
COVENTRY HEALTH (HCA.F) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 23.55, 23.91, 24.19, 24.48, 24.66, 24.78, 25.42, 25.64.
Stock Support levels : 22.25.
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