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Magellan Health Services, Inc. (MGLN) - Buy, Sell or Hold?

Sector: Health Care   Sub-Sector: Hospital/Nursing Management
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneDojiMon, 27 Nov 20170%
***Stock database and scans are updated around midnight (New York time) every trading day.
83.45 0.00 (0%) Nov 28 4:00pm EST
Open: 83.65 Range: 82.65 - 84.25 Vol: 118.97K Avg Vol: 138.03K
EPS: 3.51 P/E ratio: 24.29 EBITDA: 242.58M Mkt Cap: 2.02B
Analyze "MGLN" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 83.44
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 83.40
Last Trade is below the 50 day moving average at 84.31
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 75.86
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MGLN

Stock Trend Analysis - Buy, Sell or Hold "Magellan Health Services, Inc." (MGLN)?

MGLN is in a very strong uptrend. In the last 52 weeks, MGLN has been trading above the 200 day moving average for 99% of the time with an average daily volume of 138K shares being traded. In the medium term, the 50 day moving average, currently at 84.31 for MGLN is also very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is however indicating a predominance of range bound trading with a slight bearish bias, which may indicate beginnings of a topping formation. It is unsurprising to have some profit taking set in at this stage as MGLN's performance has been very strong thus far. A good area to consider taking a long position in MGLN is near the 200 SMA currently at 75.86. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MGLN".

The analyst consensus estimates for the 1 year price target for this stock is $85.33* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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