News of the decline in health insurance stocks got us interested in the 3 mentioned by @tracyalloway
Of the three stocks mentioned (Humana, UnitedHealthcare, Centene) we noticed that Humana has taken the largest hit to the downside since 2022. Below is the Price Momentum Indicator for Humana.
Below is the Price Momentum Indicator of the Bloomberg Commodity Index.
On February 5, 2023, we presented the Price Momentum indicator for the SPDR S&P Biotech ETF. This is a review of that assessment.
Below is the Price Momentum Indicator for 3M Co. (MMM).
Below is the Price Momentum Indicator for EZCorp. (EZPW).
Below is the Price Momentum Indicator for Vale S.A. as of March 14, 2024:
On August 24, 2022, we said the following of Occidental Petroleum (OXY):
“Buying oil stocks at this point, especially Occidental Petroleum, is a setup for failure considering all the better alternatives that aren’t at such extremes in the Price Momentum Indicator.”
A look at the price and the Price Momentum Indicator suggests the value of avoiding new positions in OXY at the time.
Below is the the Price Momentum for Deere & Co.
Below is the Price Momentum Indicator for American Water Works.
Below is the view of Nippon Sanso (4091.T) Price Momentum from 2002 to the present.
Below is the Price Momentum Indicator for Wheat.
Below is the Price Momentum Indicator for Google (GOOGL).
Below is the Price Momentum Indicator for Biogen Inc. (BIIB).