Stock Picks – Health Management Associates Inc-HMA

by Sam Collins | February 26, 2010 1:38 am

 

Health Management Associates Inc. (HMA[1]) – 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[2] 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.”

Related Articles:

• A 10% Dividend Play That’s Good as Gold[3]
• 7 Ways to Tell a Stock is Headed Down[4]
• 10 Tips to Getting Started With Technical Analysis[5] 

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