Catalyst Health Solutions Inc. (CHSI) — This pharmacy benefit management company double-topped at over $35 in September, and, by early October, was trading under $16.
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Since then, however, CHSI has consolidated around its 50-day moving average at just under $22, and appears to be building upside volume.
A week ago, its Moving Average Convergence/Divergence (MACD) issued a buy signal, and, on Friday, it closed above its 200-day moving average. Then, yesterday, it followed with a nice confirming gain.
The next step for this stock is to close over the triple-top at $24. If it can achieve that, look for a trading run to about $30.
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