HaseebKhan_90

HCA pressuring to break all-time-high

Long
NYSE:HCA   HCA Healthcare, Inc
HCA is consolidating after a large move up.

Buying pressure came in on 25th of June 2021 and set $204 as support. Since then buying volume has decreased but not by a lot. That's why HCA is positioning it self for a breakout.

Looking at the longer time-frames, it's showing a clear up trend and it's also expected to grow its earnings-per-share over the coming year.

Looking at the price-action HCA may come back to retest the $212.50 to $214.30 region before making a move higher.

A break below $212.50 could send the price to retest the support of $200.

Final Thoughts:
* Good long term hold
* Pays dividends
* Buying pressure from June 25th, 2021 set $204 as a solid support pushing the price higher

Two things you can do from here if you want to trade this
* Look for buying opportunities around $212.50 and $214.30
* Wait for a clear break of $217.36

* A break and close below $212.50 may negate the immediate bullish outlook
Comment: HCA has broken out and confirmed that the price wants to go higher.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.