AI
Tuesday, April 16, 2019 1:18:50 PM
Healthcare Inc $HCA Nearing Double Bottom Support
Healthcare stocks are being crushed today after medicare for all appears to be the wave of the future. While it may coming soon (next decade or so), there are still possible long trades in the sector. For example, Healthcare Inc (HCA) is slamming into a double bottom, technical support level at $116.25. With the stock down over 8% on the day, a technical long trade has a high reward factor for a day or two. Expect a bounce off this level back to as high as $124.00.
Gareth Soloway
InTheMoneyStocks
Healthcare stocks are being crushed today after medicare for all appears to be the wave of the future. While it may coming soon (next decade or so), there are still possible long trades in the sector. For example, Healthcare Inc (HCA) is slamming into a double bottom, technical support level at $116.25. With the stock down over 8% on the day, a technical long trade has a high reward factor for a day or two. Expect a bounce off this level back to as high as $124.00.
Gareth Soloway
InTheMoneyStocks
