Health Net, Inc., through its subsidiaries, provides managed health
care services. The company offers commercial health care products, such
as health maintenance organization plans through contracts with
participating network physicians, hospitals, and other providers;
preferred provider organization plans that provide coverage for services
received from health care provider; and point of service plans. It also
provides Medicare products, including Medicare advantage plans with and
without prescription drug coverage; and Medicare supplement products
that supplement fee-for-service Medicare coverage. In addition, the
company offers Medicaid and related products; indemnity insurance
products; auxiliary non-health products, such as life, accidental death
and dismemberment, dental, vision, and behavioral health insurance; and
other specialty services and products comprising pharmacy benefits,
behavioral health, dental, and vision products and services, as well as
managed care products for hospitals, health plans, and other entities.
Further, it engages in government-sponsored managed care federal
contract with the Department of Defense under the TRICARE program in the
North Region.
Please take a look at the 1-year chart of HNT (Health Net, Inc.) below with my added notations:
HNT is approaching a very important price of $30 based on two
different levels of potential support. First, the $30 level itself (red)
has simply been key to the stock on multiple occasions already. In
addition, HNT has been holding an uptrending level of support (blue) as
well and that trendline is also sitting near the $30 area.
The Tale of the Tape: HNT appears to be pulling back
to $30. A long trade could be entered there with a stop placed below
$30. However, a short play could also be made on a break of the two
levels highlighted.
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