UNIVERSAL AMERICAN
(UAM-NYSE):
Technical Viewpoint: From a low
of $8.12 on Mar 5, 2011 prices
rallied, reaching a
high of $9.91
on May 11, 2011. A
decline saw prices pull back, reaching a
low of
$8.82 on Jun 6, 2011.
Another rally saw prices penetrate
resistance, closing 6/10/11
at $9.89. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 10, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $9.38. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 10, 2011. A P&F upside
reversal takes place at $9.00. Summary: Technical indicators have turned bullish. BUY! Universal American
(UAM-NYSE) @ $9.25 Stop: Use a protective stop of $8.50.
Universal American is currently trading @ $9.89 plus $0.79 on Jun 10, 2011. Price Objective:
$15.00. Risk/Reward: $0.75 VS. $5.75. Today's Risk Reward Ratio: 8:1
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