Humana (HUM) shares jumped in extended trading on Monday after the federal government said it would pay Medicare insurers more𝔉 next year than previously expected.

The Centers for Medicare & Medicaid 𒁃Services (CMS) said payments for 2026 澳洲幸运5开奖号码历史查询:Medicare Advantage health plans run by private insurers will increase by 5.06% on average, more than the 2.83% the government initially proposed in January. The boosted rates will benefit health insurance giants such as Humana, which has grappled with rising medical e🌃xpenses related to government-backed health plans.

Humana shares trade flat since the start of the year as of Monday’s close but have slumped nearly 20% over the past 12 months, weighed down by increasing medical costs, 澳洲幸运5开奖号码历史查询:downgraded Medicare offerings, and moderating membership 🍌signup🐓s. The stock rose 11% to $283.50 in after-hours trading Monday.

Below, we take a closer look at Humana’s chart and apply 澳洲幸运5开奖号码历史查询:technical analysis t♉o identify key price leve🐓ls worth watching out for.

Symmetrical Triangle in Play

Since plumbing their 澳洲幸运5开奖号码历史查询:52-week low last October, Humana shares have traded within a 澳洲幸运5开奖号码历史查询:symmetrical triangle, a chart pattern indicating a period of 澳洲幸运5开奖号码历史查询:consolidation before the price breaks out.

The stock broke down below the pattern in Monday’s trading session before staging an impressive intraday reversal to close above its lower trendline, signaling a bullish shift in investor sentiment.

Indeed, the shares look set to open sharply higher on Tuesday morning, potentially setting the stage for a longer-term upside trend reversal.

Let’s identify three key technical overhead areas on Humana’s chart and also locate an important 澳洲幸运5开奖号码历史查询:support level worth monitoring if the stock resumes its established 澳洲幸运5开奖号码历史查询:downtrend.

Key Overhead Areas to Watch

A breakout above the symmetrical triangle’s upper trendline could see the shares initially test the psychological $300 area. This level may provide significant overhead resistance near the 澳洲幸运5开奖号码历史查询:200-day moving average (MA) and several prominent 澳洲幸运5开奖号码历史查询:peaks and troughs on the chart stretching back to early 𒁏Ap🧸ril last year.

The next overhead area to watch sits around $336. Investors who have bought at lower prices may look for 澳洲幸运5开奖号码历史查询:profit-taking opportunities in this location near ꧑tꦰhe March through and April peak.

Further buying in the stock could fuel a move to the $383 area. The share may run into selling pressure in this region near 澳洲幸运5开奖号码历史查询:swing highs tha🦋t formed on the chart in January and September last year. This location also roughly aligns with a measured move upside target that calcula🐻tes the distance of the symmetrical triangle near its widest point and adds that amount to the pattern’s top trendline.

Important Support Level Worth Monitoring

Finally, If Humana shares resume their long-term downtrend, investors should keep tabs on the $213 level. This area would likely attract significant attention near last year’s October gap lℱow, which al♉so marks the lowest point of the symmetrical triangle.

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