Online Stock Trading | HLTH - Emdeon Corp - - Chart Analysis

HLTH - Emdeon Corp - - Chart Analysis


Filed Under Fundamentals & Charts, Market Commentary, Watch List |

HLTH Chart Analysis

HLTH NO ANALYSIS

HLTH began a flat base formation from July ‘06 through its breakout early this January. You can see the large accumualation throughout the flat base giving the chart structure validity. After the breakout the stock ran up just around 28% where it started its price consolidation. As Feb. ended the stock was down 2.3%.

HLTH began its left side of its Cup at the end of Feb and throughout Mar. consolidated 10%. Although not terribly deep but a correction nonetheless. Since the end of Mar begining of Apr the stock’s volume dried up until this past week. Accumulation has been underway here again.

For this price structure to work I’d like to see the right side or handle form here. Preferably this past week will serve as the handle high.

Close on Friday is 15.90, 5 cents off its 52 week high. Price consolidation must occur for me to get excited.

The pivot point is 16.00 even if we get the handle formation.

HLTH With analysis

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