HMS Holdings Corp (NASDAQ: HMSY)

HMS Holdings Corp. provides cost containment services to government and private healthcare payers and sponsors. The company’s services include co-ordination of benefits and program integrity services. Its co-ordination of benefits services provide cost avoidance services that offer validated insurance coverage information, which is used by government-sponsored payers to co-ordinate benefits for incoming claims; and program integrity services identify improper payments on a pre-payment and post-payment basis, identify and recover overpayments, detect and prevent fraud and abuse, and identify process improvements.
Take a look at the 1-year chart of HMS (Nasdaq: HMSY) below with my added notations:

Excluding a drop in April, and a rally in August, HMSY has traded in somewhat of a range. Since the end of February the stock has commonly stalled at $21 (red), and starting at the beginning of June HMSY has always found support at $18 (green). At some point the stock will test or break one of these two levels again and provide potential trading opportunities.

The Tale of the Tape: HMSY has key levels to watch at $21 and $18. Long trades could be considered at $18 or on a break through $21. Short trades could be made at $21 or on a break below $18.
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