AngusMcK

Might be a short term 10% swing trade in it.

Long
NASDAQ:LHCG   LHC GROUP INC
Was just having a look at LHC Group which provides post-acute health care services to patients through its home nursing agencies, hospices and long-term acute care hospitals. Seems to be trading in a bit of a channel, so if it was to push above the current resistance area , there could be a quick 8% to 10% trade in it. Pretty strong support area just below, but I'd still run a fairly tight stop - especially the close it go to the upper resistance and as it approaches earnings . RSI and OBV both look good in terms of confirmation. I'd wait for the break above though. Might be worth a look.
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Comments

Great setup.
+2 Reply
Never used the OBV but now seeing it in action and researching it a bit, i really like what is shows.
+1 Reply
Very good set up.. Carry on..
+1 Reply
From Nov to Feb chart shows a descending triangle. Like you said requires a fairly tight stop! Nice work buddy!
+1 Reply
nice setup mate, a break of that light resistance as you say would be a valid long entry point for me, as it is a high probability trade
+1 Reply
Seems good, can use that support area as the stop and control risk to 5%. 15% to ATH if it can pass that resistance. Good find.
+1 Reply
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