AcornWealthCorp
Long

CYH - Long at the break of MA20 , Target -$12

NYSE:CYH   COMMUNITY HEALTH SYSTEMS INC(NEW)
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CYH was in watch list from very long time. It's looking very strong now. It has some insider buying & the pattern suggests that it is waiting for something big. We think if it can cross the moving average it can go all the way above $12

Trade Criteria
Entry Target Criteria- Break of MA20 line around $5.80
Exit Target Criteria- $12
Stop Loss Criteria- N/A

You can check detailed analysis on CYH in the trading room/ Executive summary link here-
http://www.screencast.com/t/---- (Available to subscribers)
Time Span- 30:15"
Trade Status: Pending
Trade active: (Note: Trade update is delayed here. To get updated & get new Trade Ideas - Please subscribe to our Newsletter)

Relevant Updates:
January 4th- Amazing!! Hit entry early today - went up 7.23% & closed near first target. Looking very very good as long.
Comment: January 30th- It was a strong down day, however it held above stoploss. Wait & see situation.
January 25th- Strong reversal testing the support. We think it has good upside potential.
January 23rd- Traded very close to updated stoploss, but still holding to it. Wait & see situation.
January 19th- Hit first target on January 5 of $6.33 pulling back now a little. Stop at 6.13 protects entry signal area well and just below current support.
January 17th- Went up 2.6% today, looking very good as long. Updating stoploss to $6.43.

January 13th- Went up huge 5.32% today, looking very good as long. $8 Feb-17 Calls traded as high as $0.40, that is 100% higher from entry & $7 March Calls traded as high as $0.90, 50% higher from entry
January 11th- Made a higher high & went up huge 7.24% today, looking very good. $8 Feb-17 Calls traded as high as $0.35, that is 75% higher from entry & $7 March Calls traded as high as $0.90, 50% higher from entry
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