Monday, April 1, 2013

Community Health Systems - Barchart's Chart of ther Day

Summary:

Community Health Systems (CYH) is the Chart of the Day.  Since the Trend Spotter signaled a buy on 11/5 the stocks has gained 61.77%.  In the last month alone the stock gained in 18 sessions for a 14.33% increase.

Article:

The Chart of the Day is Community Health Systems (CYH) in just the last 20 trading sessions was up in 18 for a gain of 14.33%.  The Trend Spotter signaled a buy on 11/5 and since then the stock gained 61.77%.

The Company is a provider of non-urban acute healthcare services. Their facilities, together with their medical staffs, provide a wide range of inpatient and outpatient acute care services and a variety of specialty services.


Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day  moving averages
  • 18 new highs and up 14.33% in the last month
  • Relative Strength Index 80.45%
  • Barchart computes a technical support level at 46.90
  • Recently traded at 48.03 with a 50 day moving average of 41.59
Fundamental factors:
  • Market Cap $4.38 billion
  • P/E 13.16
  • Revenue projected to increase 4.00% this year and another 6.50% next year
  • Earnings estimated to grow 5.40% this year, 21.70% next year and continue to increase annually 10.09% for the next 5 years
  • Analysts issued 7 strong buy, 2 buy and 8 hold recommendations
  • Financial Strength B
Exit strategy:  Sell if you lose 10% or the stock trades below its 50 day moving averages.

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