Short
CYH trade ideas
Gonna Need A Bigger Boat CYHThe biotech sector is known for generating some of the most volatile names around and for good reason. When it comes to biotech and healthcare stocks, innovation is the focus.
" Healthcare penny stock Community Health Systems Inc. ( CYH ) is a healthcare company that buys and runs acute care hospitals in the US. The company operates an impressive 103 hospitals across 18 states, holding 17,000 beds. Ever since August 28th, CYH stock has been thriving. It is up over 82% since the 28th going from $1.82 to $3.48."
But between the divestiture of assets and this insider buying well below the current share price, what comes next? What catalyst can we look toward now?
"From August 27th to August 29th, more than $2 million was spent between Wayne Smith and Benjamin Fordham to pick up more than 1 million shares. The majority of these shares were bought by Smith at an average price between $1.84 and $2.18"
3 Penny Stocks On Robinhood To Watch This Week
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CYH - Upward Momentum long from current positionNice upward break. Considered an intraday position. Momentum Target, S/L- 2.89
CYH wedge price action getting tightBig wedge forming on daily and weekly guys. Watch for TTM to fire long, if it does.. I would not be surprised to see a breakout of resistance trend line/wedge. Not sure how high it would run.
$CYH Range Pattern$CYH has been consolidating in a pretty solid price range since earnings injected some volatility into the chart. Good risk/reward here and worth considering if it can hold $3.
CYH - Flag formation Long setup - WatchlistCYH seems forming a flag formation and trying to break out. Huge increase in the money flow, and it also has insider buying. Overall very good long setup. We are watching for a perfect entry criteria.
CYH- Fallen angel type Momentum Long from $9.83 to $12.13 & highCYH seems a very good long setup. It had a wonderful rally since we first found it around $5.
Now it seems bouncing above the moving averages & getting ready for the second phase of run.
* Trade Criteria *
Date First Found- February 28, 2017
Pattern/Why- Fallen angel; Momentum Long
Entry Target Criteria- break above $9.83
Exit Target Criteria- 1st Target $10.93, 2nd target $12.13 & higher
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CYH closing gapStock was very bullish last week, it's about to close this gap at 10.00 area, I'd expect another up leg here
CYH breakout on the dailyI'll be watching this one to see if it can hold over the 9.75 level. It had nice run on Friday and closed around the highs, will be watching for any follow through momentum in the next couple of days.
CYH - Long at the break of MA20 , Target -$12CYH was in watch list from very long time. It's looking very strong now. It has some insider buying & the pattern suggests that it is waiting for something big. We think if it can cross the moving average it can go all the way above $12
Trade Criteria
Entry Target Criteria- Break of MA20 line around $5.80
Exit Target Criteria- $12
Stop Loss Criteria- N/A
You can check detailed analysis on CYH in the trading room/ Executive summary link here-
www.screencast.com (Available to subscribers)
Time Span- 30:15"
Trade Status: Pending
CYH - Momentum Long at the break of $5.93 & $7 March Calls CYH getting some upward momentum after a huge decline as it seems breaking out major support area. It also has significant amount of Insider buying recently. We would look for a momentum type of long at the break of 5.93 & we would also consider $7 March calls @ $0.65
You can check our detailed analysis on CYH in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 5:25"
Trade Status: Pending
$CYH falling wedge w/ hammer at bottom$CYH falling wedge on daily.
Hammer off of resistance/demand of wedge. Looking for a move up.
$CYH Looking for pullback to 50MA and support for bounce back$CYH looking for a pullback and bounce back to $18.50 next week.
Two possible way of CYH movementThis first chart which starts my practice of determine stocks levels and my attempts to choose stocks for trading.
CYH
Now price went down under support line of 25.36. This is the lowest point of two years.
The strong short signal will be appear if next day consolidate under this line.
If so, next goal for stop will be near 21.00, than - 16.00.
If not and we return above - it will be false breakdown and we go again to 31.25.
