Aetna shares touch a fresh all-time high on Tuesday, Richard Weiss appointed as Market President of Florida

Aetna Inc (AET) announced on Tuesday that it had appointed Richard Weiss as its new Market President of Florida. He will be responsible for earnings and losses of the market’s small group, large group, public & labor as well as Medicare businesses.

Aetna shares closed higher for a second consecutive trading session in New York on Tuesday. The stock went up 0.33% ($0.67) to $205.44, after touching an intraday high at $206.28 and also a fresh all-time high.

Shares of Aetna Inc have surged 13.89% so far in 2018 compared with an 8.63% gain for the underlying index, S&P 500 (SPX).

In 2017, Aetna’s stock rose 45.46%, thus, it again outperformed the S&P 500, which registered a 19.42% return.

Most recently, Richard Weiss served as Executive Director for Aetnas Florida Market, as he managed network operations, strategy, contracting and value-based arrangements with local hospitals and physician groups.

Before assuming the role of Executive Director, Weiss was Chief Financial Officer for Aetna’s Florida Market and he also served as financial coach for Aetna’s Southeast territory.

“Richard brings strong leadership and a well-rounded background from within the company. His industry experience and business acumen makes him the right choice to lead our Florida operations,” Jonathan Mayhew, Aetna’s president of markets, was quoted as saying in the companys press release.

According to CNN Money, the 15 analysts, offering 12-month forecasts regarding Aetna Inc’s stock price, have a median target of $202.00, with a high estimate of $224.00 and a low estimate of $181.00. The median estimate represents a 1.67% downside compared to the closing price of $205.44 on September 18th.

The same media also reported that 13 out of 19 surveyed investment analysts had rated Aetna Inc’s stock as “Hold”, while 5 – as “Buy”.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, today’s levels of importance for the Aetna stock are presented as follows:

R1 – $205.63
R2 – $205.83
R3 (Range Resistance – Sell) – $206.02
R4 (Long Breakout) – $206.60
R5 (Breakout Target 1) – $207.28
R6 (Breakout Target 2) – $207.56

S1 – $205.25
S2 – $205.05
S3 (Range Support – Buy) – $204.86
S4 (Short Breakout) – $204.28
S5 (Breakout Target 1) – $203.60
S6 (Breakout Target 2) – $203.32

By using the traditional method of calculation, the weekly levels of importance for Aetna Inc (AET) are presented as follows:

Central Pivot Point – $202.37
R1 – $204.58
R2 – $206.41
R3 – $208.62
R4 – $210.83

S1 – $200.54
S2 – $198.33
S3 – $196.50
S4 – $194.67