HCSG - What a base!All I want is to point your attention to this base!
Today the stock has a report and is above the 50 EMA, which means I will be looking for entry points!
Have a good trading day today, everyone!
HCSG trade ideas
$HCSG is on BUY point?!As we can see that $HCSG has dropped by around 10% after earnings report.
Fundamental analysis:
HCSG reported 4th Quarter December 2020 earnings of $0.37 per share on revenue of $423.2 million. The consensus earnings estimate was $0.30 per share on revenue of $428.9 million. Revenue fell 5.3% compared to the same quarter a year ago.
As company reported revenue below estimates the share price dropped.
Also, I found one interesting fact on yahoo finance that there is an investigation is going on that the investigation concerns whether Healthcare Services and certain of its officers and/or directors have violated federal securities laws.
Technical analysis:
From technical side, it is on its strong Support at $31.0 per share. Also, interesting fact that $31.0 acted as resistance before as it was circled on the graph.
Overall analysis:
Before buying it do more analysis on investigation how serious it is. the rest is fine as the company reported rise on EPS and dividend, only revenue fell.
Company profile:
Healthcare Services Group Inc provides management, administrative and operating expertise and services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the health care industry in United States.
HCSG hit bottom and climbing upwardsHCSG has fallen more then 60% from the top in January 2018. It is now coming out from a negative trend channel and is building some momentum.
Buy at: 24,06
Stop loss: 22,40 / 7%
Target 1: 25,80 / 6,7%
Target 2: 29,50 / 18,4%
Stop loss could be set tighter, but I will allow it to breathe.
Weekly:
Last year:
HCSG - Two scenariosHCSG - Belongs to the services industry.
The company Is under investigation for breach of the fiduciary duties of parties in the company to the company and its shareholders. In fact, investigators are examining whether health board members board of directors have made false and misleading statements for more than a decade, misrepresenting the company's financial condition.
Reference points:
o It is trading below the 200 moving average, crossed the 50 moving average towards the 20 moving average.
o RSI oscillator does not indicate over-sales
o Bollinger strips support the proposed direction and so is MACD indicator
o Trading cycles are not high at the moment, so this should be taken into account.
o Short Float 23.84%
First scenario : under 24.5, the possibility of entering further declines.
preferably with the market’s support. in addition, level 24 seems to be a challenge for it.
Second scenario: Over 26 we will consider a long play into the void.
All of the above, of course, at your own discretion, your trading rules and your preferred trading strategies.
This is not a recommendation to buy / sell.
Goodluck..
Reward Missing Hi guys. This is an interesting situation imho. I'm seeing weakness and I might be wrong but there seems to be no reward for some big efforts. What happens when we don't get rewarded?
Another XRV Continuation!Adrian Manz' Fast Ball XRV Premium Membership generated multiple setups and two triggers for Monday. Here,Healthcare Services Group (HCSG) qualifies for entry on the first tick of the day, then moves straight to the profit obective at R1. That was a .40 per share profit in under 10 minutes.
NASDAQ:HCSG
$HCSG $47.41 New high getting higher, Target 48.6, Stop 45$HCSG - Health Care Service Group $47.41 New high getting higher, Target 48.6, Stop 45
