MOH trade ideas
Molina Healthcare Healthcheck! Long setup!What I see...
+ Prices consolidated within channel, moving sideway range bounded for the past 2 weeks
+ Bullish break-out signal with a gap-up and strong volume on Friday
+ Price is near 52w high
+ Prices stayed strong during Feb. and March period; an indication of a very strong performing stock during the Bear market
- Latest bar showed up upper shadow
Setup...
Long entry above range high
Stop set at just under ~$160, which is teh 0.78 Fib
Target at 1.618 Fib
MOH weekly 70% gains(STOCKS)before we kick start the update. your upvotes/subs are appreciated.
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So without further due. Keep it short/simple and to the point.
MOH weekly 70% gains(STOCKS)
IMPORTANT NOTE: this is speculative setup.
results not guaranteed. do your own due dill.
at all times please use a stop loss.
MOH weekly, broke out of recent accumulation
range, strong upside, strong chart, strong seasonality
next 60-90 days.
recommended strategy:
1) market BUY/HOLD TP +50%
2) wait for pullback into mid-range and reload
TP is +70% then.
good luck traders!
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$MOH tight consolidation at ATH - Long@173/Target 200 - 5/1/2020MOH (Biotech stock) has been consolidating tightly at ATH. There is clear R/S in this name despite the recent market weakness. On the 65m chart, MOH cleared the HVN above 172 and looks primed for continuation next week. Went long at the HVN break and above the intraday higher high.
Entry - 172.96
Stop Loss - 165
Target - 200
I will continue to update this post as the trade develops.
$MOH NEED ONE GOOD PUSH FROM THE BULLS Next week NYSE:MOH host their investor day on Thursday 30/5 and it comes on the back of good earnings. Sentiment has certainly changed on the stock as we can see from the Volume profile which is a mass of green and increasing slightly on volume, which is very encouraging. The stock is at a critical point stuck between resistance and lower trendline while also they ma's have clustered just above, if the market holds up on Tuesday a good effort bu the bulls and a major break could be set up.
AVERAGE ANALYSTS PRICE TARGET $154.47
AVERAGE RECOMMENDATION OVERWEIGHT
COMPANY PROFILE
Molina Healthcare, Inc. engages in the provision of health care services. It operates through the Health Plans and Molina Medicaid Solutions segments. The Health Plans segment consists of health plans in 11 states and the Commonwealth of Puerto Rico and includes direct delivery business. The Molina Medicaid Solutions segment provides business processing and information technology development and administrative services to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, West Virginia and the U.S. Virgin Islands and drug rebate administration services in Florida
MOH GOOD BUY - AT 52.00Molina Healthcare is led by a physician and Molina family members remain in leadership roles at the company.
Today, J. Mario Molina, MD (a son of the founder C. David Molina, MD), who made his start sweeping Molina Medical Clinic floors as a child, now serves as company president and CEO.
I like the stock of this company at 52 because it has been showing good Results on the income statement for the past five years and had a good looking Annual Income Statement Report for 2015 in my opinion. Also on the technical side we can see that is a stock that remains above the 20 and the 50 SMA , besides it is lower than the 200 day moving average. Besides this because it has been closing positively on the past five years I take this as a good investment if we are expecting to keep the stock at least until December.
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