After breaking to higher ground last month, shares of R1 RCM INC - NASDAQ:RCM have been digesting/consolidating the move in orderly fashion and now finds itself pressing the upper level and nearing a potential break for all-time highs as well as Blue Sky's as evidenced in the Daily chart above.
In addition, RCM presently trades above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical picture and posture. Furthermore, the stock has been putting-in higher lows; higher highs throughout the 2019 calendar validating its uptrend.
Moving forward, should RCM be capable of going topside of the 12.50 figure and can hold and or sustain, it's all-time high and Blue Sky territory.
Thus, both investors/traders may want to continue to monitor the action closely in the days ahead for signs/clues that RCM has loftier levels in sight.
In addition, RCM presently trades above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical picture and posture. Furthermore, the stock has been putting-in higher lows; higher highs throughout the 2019 calendar validating its uptrend.
Moving forward, should RCM be capable of going topside of the 12.50 figure and can hold and or sustain, it's all-time high and Blue Sky territory.
Thus, both investors/traders may want to continue to monitor the action closely in the days ahead for signs/clues that RCM has loftier levels in sight.
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/