Wall Street tends to take a binary view of even well-seasoned companies: Love 'em or hate 'em.
Right now, the Street is overreacting to some snags at one of the world's leading financial services firms, American Express Co. (NYSE: AXP).
In 2015, American Express is the Dow Jones Industrial Average's worst performer, falling more than 16%. (more)
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Friday, May 1, 2015
MAXIMUS, Inc. (NYSE: MMS)
MAXIMUS, Inc. provides business process services to government health
and human services agencies in the United States, Australia, Canada, the
United Kingdom, and Saudi Arabia. The company operates through two
segments, Health Services and Human Services. The Health Services
segment provides various business process services, as well as related
consulting services for state, provincial, and national government
programs, including Medicaid, Children's Health Insurance Program,
Supplemental Nutrition Assistance Program, Medicare, the Affordable Care
Act, Health Insurance British Columbia, and the Health and Work
Program. The Human Services segment provides national, state, and county
human services agencies with various business process services and
related consulting services for welfare-to-work, child support, higher
education, and K-12 special education programs, as well as offers
program consulting, and tax credit and employer services.
Take a look at the 1-year chart of Maximus (NYSE: MMS) below with my added notations:
MMS has formed a clear support at $65 (green). In addition, the stock is
declining against a short-term, down trending resistance level (red)
over the last couple of weeks. These two levels combined have MMS stuck
within a common chart pattern known as a descending triangle.
Eventually, the stock will have to break one of those levels.
Take a look at the 1-year chart of Maximus (NYSE: MMS) below with my added notations:
The Tale of the Tape: MMS has a down trending resistance and a $65 support level to watch. A long trade could be made on a breakout through the resistance or on a pullback to $65. A break below the $65 support would be an opportunity to enter a short trade.
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How to Make a Quick 20% as Copper Rises from the Dead
Wanna make money on both sides of a trade? Thought so…
We made out like bandits betting against copper in the past. Now we’re going to cash in betting on copper for a short-term rally. That’s right— Dr. Copper’s getting a second wind. And no one’s paying attention.
Can’t say that I blame them. This dog has been beaten to a pulp for years. Like I said, we’ve bet against copper a few times over the past 18 months. It was like stealing candy from a baby.
But something’s different this time. The copper bears are capitulating. A stealth rally is in the works. And it could net you 20% gains in no time…(more)
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We made out like bandits betting against copper in the past. Now we’re going to cash in betting on copper for a short-term rally. That’s right— Dr. Copper’s getting a second wind. And no one’s paying attention.
Can’t say that I blame them. This dog has been beaten to a pulp for years. Like I said, we’ve bet against copper a few times over the past 18 months. It was like stealing candy from a baby.
But something’s different this time. The copper bears are capitulating. A stealth rally is in the works. And it could net you 20% gains in no time…(more)
Please share this article
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