Health Management Associates (HMA) is the Chart of the Day. Since hitting a string of Trend Spotter buy signals on 11/21 the stock has gained 60%. In the last 20 trading sessions the stock advanced 18 times for a gain of 19.72%.
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The Chart of the Day is Health Management Associates (HMA). We found the stock on the Barchart New High list and sorted for frequency. All the health care stocks are smoking and this seems to be a good one. It has both a Trend Spotter buy signal, 96% Barchart technical buy signals and in the last 20 sessions advanced 18 times for a 19.72% gain.
They provide a broad range of general acute care health services in non-urban communities. The Company pursues a business strategy of efficiently and profitably operating its existing base of facilities and selectively acquiring additional 100 to 300 bed acute care hospitals located in non-urban communities in market areas of 40,000 to 300,000 people in the southeastern and southwestern UnitedStates.
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:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 19.72% in the last month
- Relative Strength Index 74.64%
- Barchart computes a technical support level at 12.56
- Recently traded at 13.05 with a 50 day moving average of 11.21
Fundamental factors:
- Market Cap - $3.35 billion
- P/E 17.16
- Revenue projected to increase 2.40% this year and 5.70% next year
- Earnings to grow 24.00% this year, an additional 17.20% next year and continue to increase 11.32% annually for 5 years
- Analysts releases 9 strong buy, 11 hold and 2 strong sell recommendations
- Financial Strength C+
Sell if you lose 10% or the stock drops below its 50 day moving average.
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