HLTH and PCLN: Thanks for the article, Glenn. Yes, I am very bullish on hlth, both fundamentally and technically. Stock has been basing short term in the 80's, bouncing up from its 20 ema of 80, now aiming toward its upper channel trend line of 90. With news or an inet rally, should sail to 105 in no time. 126 is the next stop above that. Downside support at 68 and then around 50.
Our pcln bears some similarity to hlth. Also sexy FA and TA-wise, although quite a bit more volatile than hlth to date. No basing action here yet, but also trading above its 20 and 50 ema. Accumulation appears to be occuring during this most recent leg up, as volume has been very good. Appears to be hitting some upper resistance today. Next target 120, then 140, then 150, then 160. Downside support at 80, with strong support at 75.
fwiw, Rob |
