Stocks to watch on Tuesday: CE, IEX, SONC >>> READ MORE

A Top-Notch Health Care Stock

Health Management Associates just issued a buy signal


Health Management Associates, Inc. (NYSE: HMA) — This company owns and operates general acute-care hospitals in the southeastern United States.

The stock bottomed in November 2009 at under $1. In May 2009, it executed a very bullish golden cross and rose from $5 to its high in October at over $8. 

Upside volume has been accumulating since January, and in mid-March, HMA broke from a triangle, making a new high at over $9. 

Following the new high, the stock consolidated for a month before jumping to another new high at $9.80 on May 13, and then another pullback — this time to $8.26. 

Yesterday, HMA broke through both its 20-day and 50-day moving averages on a buy signal from the stochastic. 

The trading target for HMA is $10. S&P has a 12-month target of $10 and rates HMA a “four-star buy.” 

If you have questions or comments for Sam Collins, please e-mail him at 

HMA Stock Chart 

Chart Legend 

Double Your Money on the Rumor AND the News
Learn how to cut through the rumor and manipulation surrounding corporate earnings announcements and bank money-doubling option trades all year long. Download our FREE trading guide here.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC