Fundamentals:
Amedisys provides home health, and hospice and personal care services. The market Amedisys serves is expected to grow in the future. The company's earnings growth has averaged 46.3% over the past three years, while the industry has seen its bottom line increase at a far lesser rate of 3.2%. With the macro environment proving favorable for Amedisys, this trend is expected to sustain ahead.
Technicals:
Price is near all time highs, building a nice and narrow pattern. Price is above all key moving averages.
Trade and Risk management:
Break out of triangle will trigger an Entry Long around $54.30. Stop will be below $48.50 and respective target at $65
Amedisys provides home health, and hospice and personal care services. The market Amedisys serves is expected to grow in the future. The company's earnings growth has averaged 46.3% over the past three years, while the industry has seen its bottom line increase at a far lesser rate of 3.2%. With the macro environment proving favorable for Amedisys, this trend is expected to sustain ahead.
Technicals:
Price is near all time highs, building a nice and narrow pattern. Price is above all key moving averages.
Trade and Risk management:
Break out of triangle will trigger an Entry Long around $54.30. Stop will be below $48.50 and respective target at $65
