jueves, 10 de julio de 2008

Wellcare touching the 30s

Healthcare insurers system is suffering downgrades from rating houses due to an increase in long and short-term debt and weak profit forcasts. We can see how stocks like wellcare (WCG) are ranging testing new floors where it might meet some stops or buying orders that may hold the falling from been chaotic, nevertheless you could think that from 30 to 0, there are still plenty of short bets to go, while every economy sector in US had, is or will suffer the financial and housing slump. Either way now or maybe in a timeframe of 2 or 3 weeks, wellcare will look after staying above 30 or retesting its historical lows, anyhow, scale orders while going down will give you an average price that that might very much meet bargain entry levels, been 20 the worst case escenario till today. Medicare system is US Achilles' heel as there is a trend to cut public expenditure, and people some how is specting this to affect th price even more. target price will be pointed near to 20 level, in line with this support testing attitud we will probably see in this stock's behavior . Once again oportunities are rising from the dark days of some.

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