Posts Tagged AET

Shaving $AET down to size

Name: Aetna Inc
Sector/Industry: Healthcare/ Healthcare Plans
Thesis: a long track record of solid fundamentals and accretive acquisitions has set Aetna up to be one of if not the top health insurance provider in the U.S. Top dividend grower.
Next earnings date: ~ July 29, 2014 before market opens
Risk: Medium to low: PE 14.4, forward PE 11.39, PEG 1.49
Portfolio status/Position: Core/Entry position
Last trades: Jun-26-sell @ 81.55, Jun-26-sell @ 81.31, Jun-27-sell @ 81.16, Jun-27-sell @ 81.25
Barchat.com Alpha Weighted Index: 33.20
Technical trading their: Middle

Chart Analysis: Over the last few days I have shaved down my position in AET from full position to entry level. In tandem with the S&P 500, AET has made new all-time highs while reverting to the mean. The chart below shows price levels I sold chucks of stock. Chart also shows the supporting trend line AET has fallen back to. My Price target is $85 – $87 based on analysts projections. Given the run steep slope of trajectory, I will buy & sell  opportunistically but will not grow the position back to full size until more significant correction and mean reversion from the down side.

Other names I currently own are: $GTAT $AKRX $PPC TRN $MPAA $ITMN $LNC $OXY

oxy-hourly-20140629-eod

Leave a comment