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HMS Holding Corp. (HMSY)
marlin
blog
HMS Holding Corp. (HMSY) is a stock that I’ve had on my radar for the past 3 weeks. The stock has been pulling back from its recent price high at $31.60 at the end of March. As for now the stock is currently trading at its December low at $25.79. The (MACD) mac divergence, (RSI) relative strength, and (OBV) on balanced volume have all started gradually turning to the upside. A confirmation of a breakout to the upside will occur when the (RSI) goes above the 50 line and the 5, and 10 day moving averages cross. The 50 day (SMA) simple moving average is currently at $29.10 and the 200 day (SMA) simple moving average is at $27.58. HMS trades in the Healthcare sector. Based on my stock market grading system HMS Holding Corp. is graded (C). Other stocks to pay close attention to in this sector include TZIX, CRVL, RX, and NRCI. Keep your eyes on (HMSY) for a breakout above the $27.15. The stock ended the day today closing at $26.07 +0.19 or +0.73 percent on volume of 329,752.
By: Marlin Rolle
http://stockmp.blogspot.com/
April 18th, 2008 at 3:36 am
Great, thanks for this Marlin. I’ll keep an eye on this, but you should definately keep up updated on HMSY and alert us when it triggers. Where do you think the markets are heading from here?
I’m thinking we’re going to gap up tomorrow because of GOOG, but C could upset, they report pre-market. If we do infact get a gap up, and we’re able to hold on to this gain 30 minutes into the session, we could head higher. But I don’t see the NASDAQ surging past 1.5%, there should be some sort of sell off by the end of Friday. As mentioned, tomorrow is options expiration…
April 18th, 2008 at 2:37 pm
Looking good, we did not sell off after 30 minutes, gap strategy states that we should continue to move higher and test resistance…possibly break it this time around! Keep an eye on 1390-1400 on the S&P
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