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Community Health Systems Overvalued Those who have been following Community Health Systems since the firm's stock tumbled in October 2016 following the $7.6B merger with HMA may be wondering if the hospital giant has found its footing after three consecutive quarters of being EPS positive, rallying stock prices to a 52-week high record of $11.04/share. Today, I am here to tell you that this stock is very much overpriced compared to the firm's current market value. Highlights (Quarter by Quarter Fundamental Analysis) Short-term assets such as Cash and Cash equivalence have increased again by 17% to 1.8B, while receivables and inventory have decreased, signaling that Community Health Systems could be improving their asset turnover or we will see a decrease in net income next quarter. Total assets have slightly increased while debts have slightly decreased resulting in a 2% decrease in debt-to-assets, however, the firm has continued the trend of financing assets with more debt with a 5% increase in debt-to-equity from 28.1% to 29.5%. CYH also maintains an enterprise value far greater than their market cap value. CYH has continued the trend of cutting SGA expenses. Although we see a reduction in FCF, it remains positive. Using the DCF model, we have a fair-market-value of about $6.30/share. (One-year Chart using Technical Analysis) Upon reviewing the charts, we will most likely see a decline in the stock's price. The RSI and MACD are bearish while the price is testing the 20 EMA. Analyzing the volume, we are seeing that the bulls are starting to lose momentum. Short/put - $5.70 (low confidence) to $6.30 (high confidence)
NYSE:CYHShort
by OrangeTrader93
PTON over 116.92This one has been in an uptrend but faked us out for the past few days with a number of false breakouts. Shown here on the hourly, a break outside this box at the trigger should yield a larger move, especially if it can fill the gap above from 117.75 to 122.49. This gap can be used as a more conservative entry. Bollinger band shows room up to 119 on the daily and 141.11 on the weekly. These are not necessarily targets, but show one standard deviation of movement from the 20EMA S/L 115.08.
NASDAQ:PTONLong
by SpinTrades
JNH Resumes Uptrend? Trade Setup (>100% Potential Profits)Hello Fellow Traders, Here we are looking at Jack Nathan Medical Corp (JNH) on the TSXV. As we can see, this is a relatively new chart which rallied throughout October, reaching a high of $2.72. The price has since corrected and formed a bullish falling wedge pattern. Additionally, following a breakout from the wedge, it has printed a double bottom in the $1.10-$1.15 range. Prices are now trading above the 10, 21, 50 EMAs on the 4H chart. We can see increasing volume, the RSI has risen above 50, and the MACD is increasing as well, all bullish signals. Depending on how quickly this chart picks up, we could see massive growth, so I have marked some potential paths for the next bullish wave. Prices can easily move up from here. In the long term, a breakout past the high of $2.72 would allow for additional growth, with a target at the 1.618 Fib level of $3.70 (+184%). A potential trade setup now may be: Entry: $1.20-$1.40 Targets: $2.10 (+61%) | $2.70 (+107%) | $3.70 (+183%) Stop loss: $1.05 (-20%) Let me know what you think down below and leave a like if you appreciate the analysis. Also, check out my profile or some of the related ideas below and be sure to follow for more chart analyses and profitable trade setups! Price at writing: $1.30
TSXV:JNHLong
by PS_TopDollarInvestments
1
$OPK Potential Long Breakout SetupOPKO Health is a medical testing company based on diagnostics and pharmaceuticals. They also have a COVOID-19 testing kit. During week of June 6th, Insider buying occurred with CEO, Chairman and 10% Owner Phillip Frost buying 200,000 shares at the average price of $2.35. With COVOID-19 infections slowly ticking up in the US, we might see more demand in the company's testing kits. $OPK recently retook the 100 day MA on the weekly chart which hasn't been crossed since 2017 which could mark a strong trend coming soon. $OPK is also looking at a breakout past the hourly resistance at $2.91 and also a potential gap fill at $3.00 to a target of $3.30 Also high short interest at 29% Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
NASDAQ:OPKLong
by Smithoroo
1
NRC Aroon Indicator entered an Uptrend on June 18, 2020Over the last three days, I noticed that NRC's AroonUp green line is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator to find 103 similar cases, 89 of which were successful. Based on this data, the odds of success are 86%.
NASDAQ:NRCLong
by tickeron
Looking at the potency of covid-19 restrictions Big difference in the number of deaths... Other countries. Belarus has laughed at the WHO recommendations and life continued as normal. To note late March those "evil racists" have imposed a 14 day quarantine on almost anyone that entered the country coming from a country affected by the pandemic. Let's compare them to Poland & Germany: Poland has closed its borders, closed schools, and imposed strong restrictions, it's not a total curfew as bad as France but it's something that is enough to remind us of a certain period of history... Let's say governments are thanking those that report their neighbours breaking rules telling them they did the reich thing. Germany has restrictions but not as much as Poland, I think they have a few states on stay at home & school lockdowns, but it's less than Poland and lasted less long. In any case from what I know it's Poland <= Germany << Belarus. People are living at similar latitudes, the average german lives a few ° below the average pole that lives a few ° below the average belarus. Germany might have tested more people also. Deaths are ~50°N UK is a bit higher, Ukraine is a bit lower, not saying the latitude is what matters might be, Ukraine way east from the UK. UK: Total curfew. Ukraine: Total curfew. (You can still go out to buy food, and some people can go to work) London 51°N, Manchester 53°N Stockholm 59°N Kiev 50°N - It may look much below the UK/London on map that's because maps are flat earth is not. Bulgaria, some restrictions, prevention. Serbia, full NAZI total lockdown, 24/6 for residents over 65 (they'll dehydrate and starve they cough) Very close countries. Same latitudes, small bordering countries with the same climate. Same populations. Same number of cases when the lockdown started! Really great example. 44-45°N By the way, I wonder who are those far righters in Serbia acting like total Führers. So what a surprise, the progressives, as the media calls them "far right" wink wink, are absolute NAZIs. Didn't see that coming... I think the other 2 parties are the democrats and the nationalists. The nazis have restricted immigrants so I guess that's why they are called far right now. Pretty simplistic definition by journalists which "brains functions at a lower than average level" according to a study. Journos love studies, but they never mention that one, weird, I wonder why. The study also says they are heavy drinkers, have huge bias, and are awful at managing emotions. Wow what a surprise once again. French revolution is 230 years old anyway so can we stop it with the "left right" political system?????? Turkey: Almost no lockdown for the 20-65 yo. Erdoğan stood his ground and said no to Soros & the Rothschilds and did not paralyse the country entirely, putting pressure on their large short positions. Alarmists got arrested. The president party is the Justice and Development Party, a moderate right wing party, he has been in power for 17 years first as PM then as president. Let's see if he gets demonized and called "far right". Greece: Curfew with a 150 euros fine if broken (isn't that what they earn in 5 years?). ==> Greece doesn't have the money to test their population right? Can't tell how efficient it is in Greece, they might simply be too poor to know what their own numbers are. So... The lockdowns might make a small difference in the number of cases. They seem to make absolutely no difference at all in the flattening of the curve, which happens at the exact same time everywhere. The benefits are unclear but I think yes lockdowns saved a few dozen obese or smoking grandpas. Now the negative consequences, in particular on the poor wooohaaaaaaaaaa. It's going to be awful. Nothing unclear here. Hey but we saved a few dozen grandpas. All good. In time scientists will publish results of studies, and the world will learn more, we'll see everything in more details and with proof. No one can predict the future. Nothing is certain. Only 3 things are sure in life: - Death - Taxes - I am always right Whatever comes out of this, I will get proven right as usual.
C
by MrRenev
6