Health Net Enters Oversold Territory (hnt)

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A stock is considered to be oversold if the RSI reading falls below 30. In trading on Thursday, shares of Health Net Health Net , Inc. ( NYSE: HNT ) entered into oversold territory, hitting an RSI reading of 26.4, after changing hands as low as $25.40 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 53.6. A bullish investor could look at HNTs 26.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of HNT shares: Health Net, Inc.
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President Obama apologizes to Americans who are losing their health insurance

About half of those are probably being adversely affected by the Affordable Care Act, the aide said. Presidents rarely say Im sorry in public, even when acknowledging missteps. Obamas most recent unvarnished apology came in February of last year when he told Afghan President Hamid Karzai that he was sorry for the involvement of U.S. service members in the burning of copies of the Koran, an incident that provoked widespread protest in the country at a delicate time in the war and in his own reelection campaign. Thursdays apology, coming at a time when the president and his administration are under intense criticism over the rollout of the health-care law, highlights the extent to which it has become a political liability for the White House. On Tuesday, President Obamas approval rating dipped below 40 percent for the first time in two years , according to a daily tracking poll by Gallup.
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