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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
Thu, 19 Oct 2017NoneHammerFri, 13 Oct 20172.8%
***Stock database and scans are updated around midnight (New York time) every trading day.
87.30 0.00 (0%) Oct 20 10:18am EDT
Open: 86.95 Range: 86.72 - 87.43 Vol: 14.45K Avg Vol: 141.79K
EPS: 3.51 P/E ratio: 24.56 EBITDA: 242.58M Mkt Cap: 2.04B
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 85.05
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 85.48
Last Trade is above the 50 day moving average at 82.12
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 74.84
* 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 90% of the time with an average daily volume of 141.8K shares being traded. In the medium term, the 50 day moving average, currently at 82.12 for MGLN is also very bullish, indicating good swing trading opportunities for longs. This bullish stance is further reinforced by MGLN's ability to stay over the 20 day moving average for more than 92.5% of the time in the last 2 months of trading. There is however a possibility of profit taking setting in and it may be prudent to lighten up on strength and re-enter during a retracement. Good places to re-enter MGLN are at the 50 and 200 SMAs currently at 82.12 and 74.84 respectively. 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 - Thu, 19 Oct 2017
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