A pivitol moment in this correction 287Is it a double-top formation or a runaway? Personally, there would be some room to run; if it dips below, I only see a slight movement before a reversal. That being said, it could also continue in that direction if it fails to capture momentum. 287 is critical for me.
CRVL trade ideas
Head and Shoulders Price also formed an AB=CD pattern and bounced back up off the 50% retracement of the impulse wave up..
Price is now above the neckline which is almost exactly on the 38% retracement.
H&S patterns are not valid without a clean break of the neckline.
This one looked like it was going to sink and a bullish pattern saved it for now.
Price is above the 20 and the 50 DMA.
Short interest is around 3%. Short ratio approximately 7.6
Earnings 8-25 before market opens. It does not look like CRVL has a history of earning beats.
No recommendation. Short with break of neckline and a clear downtrend.
CRVL's uptrend is in danger , volume and price action analysis Company Insiders have been on a selling campaign but looks like institutions/MM's are joining the selling action here , but doing so without creating alert .
The main reason to support this:
We know crvl's local insiders have been selling a fair bit of late, but, Friday is the big indicator to date because we saw what can only be summed up as institutions selling into a failed breakout advertised with our volume/price bar anomaly . These things take time but I am going to watch this one for a potential play to the downside . This one is about 50 % institutionally held and I have a feeling we might see some more "green skyscrapers" on volume bars with slight up moves on candles as smart hands continue to trim ....
Time will tell , maybe we will see selling absorbed too but its one that stands out as interesting for me ,and possibly, a good play to the short side setting up. Now to wait for additional signs of breakdown setting up or the opposite .
Cup and HandleThis pattern is only valid over break out level. It is not to long entry level yet.
No rising wedges
NV is high. Mediocre Short interest is noted but more than I like
This one to me looks like maybe a gamble after reading about it. If you like this stock, I will let you do your own reading and research
20 years high is 96.45 and looks like a choppy, but is a long term uptrend
I think there are some stocks that will either fall or gain depending on election results, as always.
Not a recommendation
CorVel Corporation provides workers' compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It enables its clients to intervene and connect to the critical intelligence they need to proactively manage risk. The company offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement services, retrospective utilization review, facility claim review, professional review, pharmacy services, directed care services, Medicare solutions, clearinghouse services, independent medical examinations, and inpatient medical bill review. It also provides a range of patient management services, such as claims management, case management, 24/7 nurse triage, utilization management, vocational rehabilitation, life care planning, disability management, liability claims management, and auto claims management. CorVel Corporation has a partnership with PeerWell to bring remote musculoskeletal recovery to injured workers with cancelled or postponed surgery. The company was incorporated in 1987 and is based in Irvine, California.
Corvel: An Insurance Broker with Upside in 2020Corvel is an insurance broker that focuses on managed care that continues to post good EPS, ROE, Income, Revenue and Diluted EPS.
Technically speaking the fallen triangle has already happened and that will send the stock soaring into record highs sooner than later.
In the market, you want to always check for fallen descending triangles which in-turn form consolidations to an eventual cup then breakout. This represents one of the most bullish patterns in the entire stock market that people consistently overlook.
TP: 130+ by end of 2020.
- zSplit