HEALTH CARE PLANS Stocks Expected To Be Down After Top Correlated Stocks Fire Sell Signals.
May 26, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the top most highly correlated HEALTH CARE PLANS stocks and the majority have fired a Sell signal as of today. COVENTRY HEALTH CARE INC (NYSE:CVH), CIGNA CORP (NYSE:CI), AETNA INC (NYSE:AET), METRO HEALTH NETWORKS INC (AMEX:MDF), MAGELLAN HEALTH SERVICES INC (NASDAQ:MGLN), EXPRESS SCRIPTS INC (NASDAQ:ESRX) are all expected to be Down as the top stocks in the sector have fired Sell signals. Group rotation is a phenomenon where institutions exert buying or selling pressure in an industry group, pushing prices of the group higher or higher relative to the general market. An industry can often lead or lag the market, and the most highly correlated stocks (mirror closest to the overall move in that group) usually move in unison. The technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php . The chart below displays the correlation, beta and relative strength of the top most highly correlated stocks in the highlighted industry group:
Symbol Company Correlation Beta RelStr Sector CVH COVENTRY HEALTH CARE INC 0.25 2.01 1.01 HEALTH CARE PLANS CI CIGNA CORP 0.3 1.53 1.01 HEALTH CARE PLANS AET AETNA INC 0.37 1.28 1.02 HEALTH CARE PLANS MDF METRO HEALTH NETWORKS INC 0.43 0.75 0.95 HEALTH CARE PLANS MGLN MAGELLAN HEALTH SERVICES INC 0.3 0.59 1.04 HEALTH CARE PLANS ESRX EXPRESS SCRIPTS INC 0.33 0.85 1.02 HEALTH CARE PLANSWe automatically calculate correlation to help find the stocks that most closely match their groups movement and generate powerful group consensus trading signals to profit from the herd mentality. When multiple stocks in a group turn at the same time and the rotation of that group is confirmed, an explosive move typically occurs. Correlation measures the tendency for a symbol to move in unison with the group, beta measures the amount the symbol is expected to move relative to the group and relative strength looks back at the recent past to show how the stock has been moving relative to the group.
COVENTRY HEALTH CARE INC (NYSE:CVH) - Coventry Health Care, Inc. operates as a managed healthcare company in the United States. The company operates in three segments: Health Plan and Medical Services, Specialized Managed Care, and Workers Compensation. The Health Plan and Medical Services segment provides health plan risk products to individuals and employer groups, including health maintenance organizations, preferred provider organizations, and point of service products. This segment also offers commercial management services products, including medical claims administration; pharmacy benefits management; and clinical programs, such as utilization management and quality assurance. In addition, it provides consumer-directed benefit options comprising health reimbursement accounts and health savings accounts to commercial customers; and comprehensive health benefits on a risk basis to members participating in the Medicare Advantage HMO, Medicare Advantage PPO, and Medicaid programs. The Specialized Managed Care segment provides access to prescription drug coverage to eligible beneficiaries. Its Network Rental product offers provider network rental services through a national PPO network to national, regional and local third party administrators, and insurance carriers. This segment also involves in the coordination of comprehensive mental health and substance abuse treatment. The Workers Compensation segment offers workers compensation services, including managed care services, such as provider network access, bill review, care management services, and pharmacy benefit management to underwriters and administrators of workers compensation insurance and employer groups. The company primarily serves individuals, employer and government-funded groups, government agencies, insurance carriers, and administrators through direct sales staff and a network of independent brokers. Coventry Health Care, Inc. was founded in 1986 and is based in Bethesda, Maryland.
CIGNA CORP (NYSE:CI) - CIGNA Corporation operates as a health service organization. The company, through its subsidiaries, provides insurance and related products and services in the United States and internationally. Its Health Care segment offers insured and self-funded medical, dental, behavioral health, vision, and prescription drug benefit plans; health advocacy programs; other products and services that provide individuals with health care benefit programs; and disability and life insurance products, as well as operates retail pharmacies. The companys Disability and Life segment offers various insurance products and related services, including group long-term and short-term disability insurance; group life insurance products comprising group term life and group universal life; and personal accident insurance consisting of accidental death and dismemberment, and travel accident insurance to employers. This segment also provides specialty insurance services that primarily include disability and life, accident, and medical insurance to professional associations, financial institutions, and participant organizations. Its International segment offers life, accident, and supplemental health insurance products, as well as international health care products and services. The companys Run-off Reinsurance segment manages its run-off reinsurance coverage for risks written by other insurance companies under its annuity reinsurance business comprising reinsurance of guaranteed minimum death benefits and guaranteed minimum income benefits contracts. Its Other Operations segment provides corporate owned life insurance, which are permanent insurance contracts sold to corporations to offer coverage on the lives of certain employees. CIGNA Corporation distributes its products and services through independent brokers, consultants, agents, and direct sales personnel, as well as direct response television and the Internet. The company was founded in 1792 and is based in Philadelphia, Pennsylvania.
AETNA INC (NYSE:AET) - Aetna Inc. operates as a diversified health care benefits company in the United States. It offers a range of health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life, and disability plans, as well as medical management capabilities and Medicaid health care management. The company operates in three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment provides medical, pharmacy benefits management, dental, behavioral health, and vision plans. This segments medical products comprise point of service, preferred provider organization, health maintenance organization, and indemnity benefit plans, as well as health savings accounts and Aetna HealthFund. This segment also provides Medicare and Medicaid products and services; and specialty products, such as medical management and data analytics services, medical stop loss insurance, and products that offer access to its provider networks. The Group Insurance segment provides life insurance products that consist of group term life insurance, voluntary spouse and dependent term life insurance, group universal life, and accidental death and dismemberment insurance; disability insurance products; and long-term care insurance products, which offer benefits to cover the cost of care in private home settings, adult day care, assisted living, or nursing facilities. This segment provides insurance products principally to employers that sponsor its products for the benefit of their employees and their employees dependents. The Large Case Pension segment manages various retirement products, including pension and annuity products for tax qualified pension plans. It primarily serves employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups, and expatriates. The company was founded in 1982 and is based in Hartford, Connecticut.
METRO HEALTH NETWORKS INC (AMEX:MDF) - Metropolitan Health Networks, Inc., through its subsidiaries, operates provider service networks (PSN) in the United States. Its PSN provides and arranges healthcare services to Medicare Advantage beneficiaries who participate in a Medicare Advantage plan. The company offers Medicare, a national health insurance program that covers the cost of hospitalization, medical care, and related health services for the U.S. citizens aged 65 and older, qualifying disabled persons, and persons suffering from end-staged renal disease. As of December 31, 2009, the PSN provided healthcare benefits to approximately 35,500 medicare advantage beneficiaries. The company was founded in 1996 and is headquartered in West Palm Beach, Florida.
MAGELLAN HEALTH SERVICES INC (NASDAQ:MGLN) - Magellan Health Services, Inc. provides managed behavioral healthcare, radiology benefits management, specialty pharmaceutical management, and Medicaid administration products and services in the United States. The company provides services to health plans, insurance companies, employers, labor unions, and various governmental agencies. Its managed behavioral healthcare services include outpatient programs, such as counseling or therapy; intermediate care programs comprising intensive outpatient programs and partial hospitalization services; and inpatient treatment and crisis intervention services through its provider network of psychiatrists, psychologists, behavioral health professionals, psychiatric hospitals, general medical facilities with psychiatric beds, residential treatment centers, and other treatment facilities. The companys radiology benefits management services consist of managing the delivery of diagnostic imaging services, which are provided under the contracts with managed care companies, health insurers and other health plans, Medicaid, and Medicare members. Its specialty pharmaceutical management services comprise contracting and formulary optimization on behalf of health plans and pharmaceutical manufacturers; dispensing specialty pharmaceutical drugs on behalf of health plans; providing strategic consulting services to health plans and pharmaceutical manufacturers; and providing oncology management services to health plans and state Medicaid programs. The companys specialty pharmaceutical management services also include the management of specialty drugs used in the treatment of cancer, multiple sclerosis, hemophilia, infertility, rheumatoid arthritis, chronic forms of hepatitis, and other diseases. Its Medicaid administration services include pharmacy benefits administration, medical management information services, fiscal agent services, and healthcare management services. The company was founded in 1969 and is based in Avon, Connecticut.
EXPRESS SCRIPTS INC (NASDAQ:ESRX) - Express Scripts, Inc. provides a range of pharmacy benefit management (PBM) services in North America. The companys PBM services include retail network pharmacy management and retail drug card programs; home delivery pharmacy services; specialty pharmacy services; patient care contact centers; benefit plan design and consultation; drug formulary management; compliance and therapy management programs; information reporting and analysis programs; rebate programs, electronic claims processing, and drug utilization review; consumer health and drug information; bio-pharma services, including reimbursement and customized logistics solutions; medication therapy and safety through pharmacogenomics; and assistance programs for low-income patients. It also engages in the distribution of pharmaceuticals and medical supplies to providers and clinics; fertility pharmaceuticals requiring special handling or packaging; and sample units to physicians, as well as the verification of practitioner licensure, healthcare account administration, and implementation of consumer-directed healthcare solutions. It serves HMOs, health insurers, third-party administrators, employers, union-sponsored benefit plans, workers compensation plans, government health programs, office-based oncologists, renal dialysis clinics, ambulatory surgery centers, primary care physicians, and retina specialists. Express Scripts was founded in 1986 and is headquartered in St. Louis, Missouri.
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