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Chemed Corp. (CHE) - Buy, Sell or Hold?

Sector: Health Care   Sub-Sector: Medical/Nursing Services
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017DojiDojiThu, 16 Nov 2017-0.63%
***Stock database and scans are updated around midnight (New York time) every trading day.
231.61 0.00 (0%) Nov 17 4:00pm EST
Open: 231.72 Range: 231.00 - 235.01 Vol: 96K Avg Vol: 88.96K
EPS: 4.03 P/E ratio: 55.43 EBITDA: 226.52M Mkt Cap: 3.57B
Analyze "CHE" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 232.04
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 226.50
Last Trade is above the 50 day moving average at 209.89
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 197.57
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CHE

Stock Trend Analysis - Buy, Sell or Hold "Chemed Corp." (CHE)?

CHE is in a very strong uptrend. In the last 52 weeks, CHE has been trading above the 200 day moving average for 100% of the time with an average daily volume of 89K shares being traded. For the medium term however, the 50 day moving average is indicating a trading range with a bearish downward bias. CHE's upward trend appears to be weakening but it is still not confirmed by the 200 SMA. Confidence in the buy the dips strategy seems to be waning. Barring some weakness in the 50 SMA, the 20 day moving average is however bucking the medium term trend as price has been trading above the 20 SMA for 100% of time for the last two months.Objectively, CHE's primary trend is still up meaning the higher probability strategy is to still buy dips. Timing and the buy-in price are very critical at this juncture in order to secure profits. Traders who are thinking of going long CHE shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 209.89 and 197.57 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CHE".

The analyst consensus estimates for the 1 year price target for this stock is $217.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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