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.
It serves state Medicaid agencies; the centers for Medicare and Medicaid
services; commercial health plans, including Medicaid managed care,
Medicare Advantage, and group health lines of business; government and
private employers; Pharmacy Benefit Managers; child support agencies;
the Veterans Health Administration; and other healthcare payers and
sponsors.
Please take a look at the 1-year chart of HMSY (HMS Holdings Corp.) below with my added notations:
HMSY has a very important price level at $26 (navy) that has been
both support and resistance over the last (6) months. The stock also has
a clear lower level of support at $22 (blue). In between those levels
you can see that $24 (red) is not an uncommon area of support or
resistance either. So, in addition to showing clear levels of
support/resistance, HMSY is also showing you that it tends to react to
each $2 increment.
The Tale of the Tape: HMSY is currently trading
between its $24 and $26 levels. A long position could be entered at $24
or on a break above $26 with a stop below the level of entry. If HMSY
breaks below $24, another long play could be made at $22. If you are
looking for a short trade instead, a break below $24 would provide you
with that opportunity.
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