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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, 22 Aug 2017NoneBullish EngulfingWed, 09 Aug 2017-0.38%
***Stock database and scans are updated around midnight (New York time) every trading day.
77.68 0.00 (0%) Aug 23 4:00pm EDT
Open: 77.550 Range: 77.225 - 78.525 Vol: 62.31K Avg Vol: 137.35K
EPS: 3.51 P/E ratio: 22.20 EBITDA: 242.58M Mkt Cap: 1.85B
Analyze "MGLN" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 77.79
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 76.90
Last Trade is above the 50 day moving average at 75.67
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 72.34
* 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 long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 75% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation MGLN will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 72.34. 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, 22 Aug 2017
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