Health Management Associates Inc. (HMA) – This owner and operator of acute-care hospitals in the southeastern United States bottomed in November 2009 at under $1.
In May 2009, it executed a very bullish gold cross and rose from $5 to its high in October at over $8.
Upside volume has been accumulating since January, and yesterday the short stochastic issued a buy signal.
A quick trade could result in a run to $8.25, but the longer-term target is $10.
S&P has a 12-month target of $10 for the stock and rates HMA a “four-star buy.”
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