andrew.berg

Amedisys has more room to run

Long
NASDAQ:AMED   Amedisys Inc
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

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