SSY | Extremely Oversold Anyone | LONGSunLink Health Systems, Inc., through its subsidiaries, provides healthcare products and services in the southeastern United States. It operates through two segments, Healthcare Services and Pharmacy. The Healthcare Services segment owns and operates an 84-bed community hospital, which includes an 18-bed geriatric psychiatry unit; and a 66-bed extended care and rehabilitation center. This segment also provides information technology services; and owns unimproved lands. The Pharmacy segment offers institutional and non-institutional pharmacy services; and durable medical equipment products and services, including the sale and rental of products for institutional clients or to patients in institutional settings and patient-administered home care, as well as retails pharmacy products and services. SunLink Health Systems, Inc. was incorporated in 1959 and is based in Atlanta, Georgia.
SSY trade ideas
$SSY looks promising (3/5)Conviction: 3/5
in upward channel, near bottom
Recently retested MT downtrend resistance-turned-support (2009, 2006)
Cheap relative to market but low growth and low margin
Risks
RSI-W not quite at oversold levels, this means we could continue to hug the trendline down towards support of parallel channel
negative FCF
About average (possibly peaking) P/S ratio relative to own history...
low growth and low margin
Watch and See - Possible 100%+ gain!SunLink Health Systems, Inc., through its subsidiaries, provides healthcare products and services in the southeastern United States. It operates through two segments, Healthcare Services and Pharmacy. The Healthcare Services segment owns and operates an 84-bed community hospital, which includes an 18-bed geriatric psychiatry unit; and a 66-bed extended care and rehabilitation center. This segment also provides information technology services; and owns unimproved lands. The Pharmacy segment offers institutional and non-institutional pharmacy services; and durable medical equipment products and services, including the sale and rental of products for institutional clients or to patients in institutional settings and patient-administered home care, as well as retails pharmacy products and services. SunLink Health Systems, Inc. was incorporated in 1959 and is based in Atlanta, Georgia.
Not Financial Advice - Just perfecting a process... At the time of this posting, I don't own any positions!
Idea:
Price Target: $2.69 - $3.33 dollars
- Bullish
Pros:
MACD crossing - charts
Increasing volume - charts
Institutional Ownership - fintel. io
Cons:
Low volume stock
Not Financial Advice - Just perfecting a process... Do you own due diligence before investing!
$SSY can rise in the next daysContextual immersion trading strategy idea.
SunLink Health Systems, Inc., through its subsidiaries, provides healthcare products and services in the southeastern United States.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3.70;
stop-loss — $2.56.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Sunlink Health looking Bullish. MACD turning green :)Found Sunlink on an unusual volume scan with a price increase of 2% or more. Had a nice move up on Friday but has been headily steadily up prior to that after a big pullback. Supporting indicators all look pretty reasonable. Might be worth keeping an eye on it.
$SSY PT 7 and higherWave Analysis; pivoting off Support and up-trending towards Resistance
SunLink Health Systems, Inc., through its subsidiaries, provides healthcare products and services in the southeastern United States. It operates through two segments, Healthcare Services and Pharmacy. The Healthcare Services segment owns and operates an 84-bed community hospital, which includes an 18-bed geriatric psychiatry unit and a 66-bed nursing home in Mississippi; as well as offers information technology services. This segment also owns unimproved lands. The Pharmacy segment offers institutional and non-institutional pharmacy services; and durable medical equipment products and services, which consist of the sale and rental of products for institutional clients or to patients in institutional settings and patient-administered home care, as well as retail pharmacy products and services. SunLink Health Systems, Inc. was founded in 1959 and is based in Atlanta, Georgia.
SSY: Bullish Flag (113%)Bullish Flag (113%)
Pros:
Volume during post formation
Descending volume during Flag formation
PPS above 50MA and 200MA
RS above 0 and ascending
ATR Ascending
R/R ratio above 5
250RSI above 50 and ascending
200MA ascending
Cons:
May fill the gap back down to 1.93$
Target:
PT = 6.39$
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$SSY Announces $2 Million ExpansionSunlink Health Systems, Inc. Announces $2 Million Expansion, Capital and Operating Improvements at Trace Regional Hospital
announced today that its wholly-owned subsidiary, Trace Regional Hospital, has implemented its Trace Forward Capital Plan totaling approximately $2 million to expand, upgrade and improve its physical plant, patient care, ancillary services and support areas.
The Trace Forward Capital Plan includes an 8-bed expansion of its Pathways Care Program, a geriatric behavioral health service, which will bring Pathways to 26 total beds.
"The expansion and upgrade of our Pathways Care Program will allow us to meet the growing demand for quality senior behavioral services as well as acute care hospital services in our northeast Mississippi service area."
We wish to thank our elected Mississippi and Federal officials and staff for making these investments possible under various provisions of the CARES Act, which are funding a portion of the Trace Forward Capital Plan, and for prioritizing quality and access to care for the citizens of the Houston and Chickasaw County area during this uncertain and potentially disastrous period of the COVID-19 pandemic."
finance.yahoo.com